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Praruh Technologies, an ICT system integrator, shared its H1FY26 results with investors. Total revenue for the half year stood at ₹1,778.71 lakh, down sharply from ₹2,842.37 lakh in H1FY25, while profit after tax fell to ₹98.28 lakh from ₹223.62 lakh. Key positives include strong cash position of ₹2,403 lakh (boosted by IPO proceeds), inventory reduction from ₹353 lakh to ₹137 lakh, and lower trade receivables. The company highlighted successful project executions for DMRC, ONGC, RailTel, and CDOT, and outlined a focus on large-ticket PAN-India projects in data centers, cybersecurity, and AI-enabled solutions.
Sharp year-on-year decline in revenue and profit is a red flag for near-term performance, though the strong cash balance and improved working capital provide a cushion. Shareholders should watch for execution of the larger pipeline projects and any recovery in H2 to offset the weak first half.