Outcome of the Meeting of the Board of Directors held on May 29, 2026
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Precision Electronics Limited reported audited financial results for Q4 and FY ended March 31, 2026. Total income surged 68.5% to Rs 8,001.66 Lakhs from Rs 4,748.38 Lakhs in the prior year. The company posted an annual net profit of Rs 57.74 Lakhs versus a net loss of Rs 66.19 Lakhs in FY2025, a significant turnaround. However, Q4 FY26 alone recorded a net loss of Rs 268.55 Lakhs. The statutory auditor M/s Nemani Garg Agarwal & Co. issued an unmodified (clean) opinion. The board also appointed M/s Rajendra K Goel & Company as internal auditor for FY 2026-27. Additionally, the company announced plans to shift certain manufacturing operations from its Noida facility to Ballabhgarh (Faridabad).
The strong revenue growth and return to profitability are positive signals, though Q4 loss raises questions about second-half performance. The clean audit opinion and positive operating cash flow of Rs 401.59 Lakhs provide comfort on financial integrity.