Prashant India Limited submitted Standalone unaudited Financial result for the Quarter Ended December 31, 2025. Detailed results are enclosed herewith.
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Prashant India Ltd reported standalone unaudited results for Q3 FY26 (quarter ended Dec 31, 2025). Total income stood at just Rs. 1.13 lakh, sharply lower than Rs. 5.30 lakh in the year-ago quarter. The company posted a net loss of Rs. 267.35 lakh in the quarter, largely driven by an outsized finance cost of Rs. 259.82 lakh. For the nine-month period, the company swung to a net profit of Rs. 729.03 lakh, almost entirely due to an exceptional gain of Rs. 1,020.39 lakh from the sale of the factory land and building at Palsana, Surat (Textile division). The board also noted the resignation of a Non-Executive Director effective Dec 30, 2025. The auditor (Ashish Bhoola & Co.) issued an unmodified limited review report.
Negatively for shareholders — Q3 saw a deep operational loss, revenue continues to shrink across both the Textile and Wind Farm segments, and the company's net worth remains deeply negative at Rs. (2,592.24) lakh with borrowings of Rs. 2,769.66 lakh far exceeding total assets of Rs. 185.43 lakh. The headline 9-month profit masks ongoing core business weakness and is driven mainly by a one-time land sale; the stock may remain under pressure.