Prashant India Limited has informed the exchange regarding the outcome of Board Meeting held on 14th November, 2025, and submitted Standalone unaudited Financial results for the quarter ....
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Awaiting price reaction for this filing.
The Board approved standalone unaudited results for Q2 FY26 (quarter ended 30 Sept 2025) on 14 November 2025. Total income from operations collapsed to Rs 0.93 lacs from Rs 11.92 lacs a year ago, with no revenue from textile sales and near-zero wind farm income in the quarter. Operating loss before exceptional items stood at Rs (17.20) lacs, but a large exceptional item of Rs 1020.39 lacs (in the textile segment) pushed reported net profit to Rs 1003.19 lacs (EPS Rs 23.69) for the quarter. For the half year, total income fell to Rs 7.93 lacs (vs Rs 17.24 lacs), while net profit of Rs 996.38 lacs was almost entirely due to the exceptional gain. The auditor (M/s Ashish Bhoola & Co.) issued an unqualified limited review report. The balance sheet shows deeply negative net worth of Rs (2324.89) lacs, short-term borrowings of Rs 2509.84 lacs, and notes that no interest has been provided on borrowings from strategic investors while the company carries forward losses and unabsorbed depreciation.
Reported profit is misleading – it is driven entirely by a one-time exceptional item, not core operations. Core business revenue has nearly vanished and the company has large accumulated losses and negative shareholder equity, making this more of a one-off accounting bump than a genuine turnaround; investors should treat the headline PAT with caution.