Appointment of Internal Auditors of the Company for the Financial Year 2026-27
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Precision Electronics Ltd reported audited financial results for FY 2025-26 with total income of Rs. 7,873.79 Lakhs, up 66% from Rs. 4,748.38 Lakhs in the previous year. Profit before tax improved significantly to Rs. 143.51 Lakhs from Rs. 18.81 Lakhs. Total comprehensive income turned positive at Rs. 57.74 Lakhs versus a loss of Rs. 66.19 Lakhs in FY 2024-25. However, Q4 FY26 showed a loss of Rs. 268.55 Lakhs. The Board appointed M/s Rajendra K Goel & Company as Internal Auditor for FY 2026-27. Statutory auditors issued an unmodified (clean) opinion. The company also announced shifting manufacturing operations from Noida to Ballabhgarh (Faridabad).
Strong revenue growth and return to profitability for the full year are positive signals for shareholders, though the Q4 loss may cause short-term volatility. The clean audit opinion reinforces financial reliability.