Prashant India Limited has informed the exchange regarding the outcome of Board Meeting held on 11th February, 2026 and submitted Standalone Unaudited Financial Results of the Company, ....
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The Board approved standalone unaudited financial results for Q3 FY26 (quarter ended 31 Dec 2025). Revenue from operations was effectively nil at Rs 0.00 lakh (vs Rs 0.42 lakh in Q3 FY25), with total income of just Rs 1.13 lakh versus Rs 5.30 lakh a year ago. The company posted a net loss of Rs 267.35 lakh in the quarter, driven by a sharp one-time finance cost of Rs 259.82 lakh (interest). For the nine months ended Dec 2025, the company showed a profit of Rs 729.03 lakh almost entirely due to a Rs 1,020.39 lakh exceptional gain on sale of its factory land and building at Palsana, Surat; excluding this, it was in deep operating loss. The auditor (Ashish Bhoola & Co.) issued a clean limited review report with no qualifications. The Board also noted the resignation of a Non-Executive Non-Independent Director effective 30 Dec 2025.
The company is in serious financial distress — reserves are deeply negative at Rs (3,015.78) lakh, equity is negative at Rs (2,592.24) lakh, and short-term borrowings of Rs 2,769.66 lakh dwarf cash balances of Rs 86.75 lakh. Core operations have collapsed (near-zero sales from both textile and wind farm segments), and profitability is entirely dependent on a one-time asset sale. This is a high-risk stock for retail investors.