THE BOARD CONSODERED AND APPORVED : 1. UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2025 2. LIMITED REVIEW REPORT FOR THE QUARTER ENDED 30.06.2025 3. TOOK NOTE OF EXECUTION ....
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Awaiting price reaction for this filing.
Prime Industries' board, meeting on 2 August 2025, approved the unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). The company posted zero revenue from operations and earned its income solely from other sources at Rs. 8.31 million, up from Rs. 7.45 million in Q1 FY25. Net profit for the quarter came in at Rs. 2.78 million, more than doubling from Rs. 1.38 million a year earlier, with basic EPS at Rs. 0.13. Finance costs remained notable at Rs. 3.33 million. The board also noted execution of share purchase agreements to acquire a 50.001% stake in Linga Agri Trading and Machinery Pvt Ltd, making it a subsidiary; Linga Agri manufactures farm and agricultural machinery, implements and related equipment. The auditor (Bhushan Aggarwal & Co.) issued an unmodified limited review report with no qualifications or emphasis of matter.
For shareholders, the headline is the entry into agricultural machinery via the Linga Agri subsidiary, which gives the company an operating business — relevant since Prime Industries itself still shows zero revenue from operations. The doubled quarterly PAT is a positive, but profitability is largely driven by other income and high finance costs remain a watch item.