Prima Innovation Q2 FY27 results: net profit ₹0.08 crore

How did Prima Innovation perform in Q2 FY27?

Prima Innovation reported standalone revenue of ₹19.40 crore in Q2 FY27, up 26.8% from ₹15.30 crore in Q1 FY27. Total income rose 27.0% to ₹19.45 crore, while total expenses increased 31.5% to ₹19.35 crore. EBITDA fell 27.4% from ₹1.64 crore to ₹1.19 crore, and the EBITDA margin narrowed by 4.6 percentage points to 6.1%.

Cost of materials increased 51.7% from ₹8.38 crore to ₹12.71 crore, other expenses rose 63.0% from ₹3.73 crore to ₹6.08 crore, employee cost increased 18.1% to ₹1.70 crore, and finance costs rose 10.9% to ₹0.61 crore. There was no exceptional item. These results were presented on a standalone basis; the same-day filings do not provide consolidated figures for the quarter.

What do the balance sheet and cash flow show?

At 30 September 2026, total assets stood at ₹68.48 crore, compared with ₹65.40 crore at 31 March 2026. Total equity was ₹27.11 crore against ₹26.58 crore, while borrowings declined from ₹25.39 crore to ₹24.22 crore. Cash stood at ₹0.02 crore, compared with ₹0.03 crore at the previous balance-sheet date.

Inventories increased from ₹13.55 crore to ₹15.62 crore, while trade receivables declined from ₹15.22 crore to ₹14.52 crore. Trade payables rose from ₹4.17 crore to ₹6.02 crore. For H1 FY27, operating cash flow was ₹3.68 crore, investing cash flow was negative ₹1.37 crore and financing cash flow was negative ₹2.33 crore; capital expenditure was ₹1.82 crore. No year-earlier cash-flow figures were provided.

What else did the company announce?

The board approved the standalone unaudited financial results for the quarter and half year ended 30 September 2026 on 29 October 2026. The company also filed that Mr. Dilip M. Parekh resigned as Non-Executive Non-Independent Director from the close of business hours on 29 October 2026, citing personal reasons. The same-day filings do not mention a dividend or a fund raise.

What did the auditors point out?

CNK & Associates LLP said that nothing had come to its attention causing it to believe that the statement had failed to disclose information required under the Listing Regulations or contained any material misstatement. The auditor described the engagement as a limited review under SRE 2410, obtained moderate assurance and did not express an audit opinion.

The report included an Emphasis of Matter concerning the Scheme of Arrangement approved by the National Company Law Tribunal on 16 March 2026 for transfer of the Rotational business from Prima Plastics Limited. The auditor noted that Ind AS 103 required accounting from the date of transfer of control, while the demerger was accounted for from the appointed date of 1 July 2024. Financial information for the quarter and period ended 30 September 2025 was restated by management but had not been audited or reviewed by CNK & Associates.

How did Prima Innovation shares react?

The results were filed after market hours on 29 October 2026. The stock showed no movement at 5, 15 and 30 minutes after the filing, but fell 6.2% by the close of the first session that could trade on the news. By the next day’s close, it was down 0.0% from its pre-results close; no five-day or one-month reaction was provided.