Prakash Industries Share Price

Newspaper Publication

• BSE India
• 1 week 6 days ago

<h3><span style="font-size:16px;"><strong>Iron & Steel Products company Prakash Industries announced Q1FY27 results</strong></span></h3> <p _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Financial Highlights:</strong></p> <ul> <li _ngcontent-ng-c1940132427="">The company reported Revenue from Operations of Rs 1,03,200 lakh in Q1FY27, reflecting a decrease of 0.49% from Rs 1,03,708 lakh in Q1FY26 and an increase of 12.19% from Rs 91,987 lakh in Q4FY26.</li> <li _ngcontent-ng-c1940132427="">Other Income for Q1FY27 stood at Rs 668 lakh, compared to Rs 582 lakh in Q1FY26 and Rs 614 lakh in Q4FY26.</li> <li _ngcontent-ng-c1940132427="">The Total Income for Q1FY27 reached Rs 1,03,868 lakh, representing a decrease of 0.40% YoY from Rs 1,04,290 lakh and an increase of 12.17% QoQ from Rs 92,601 lakh.</li> <li _ngcontent-ng-c1940132427="">Profit Before Tax for Q1FY27 was Rs 9,274 lakh, marking a YoY increase of 1.47% from Rs 9,140 lakh and a QoQ decrease of 0.62% from Rs 9,332 lakh.</li> <li _ngcontent-ng-c1940132427="">The Net Profit for Q1FY27 stood at Rs 7,127 lakh, showing a YoY decrease of 22.02% from Rs 9,140 lakh and a QoQ decrease of 23.63% from Rs 9,332 lakh.</li> <li _ngcontent-ng-c1940132427="">Total Comprehensive Income for the period Q1FY27 was Rs 6,912 lakh, compared to Rs 8,931 lakh in Q1FY26 and Rs 9,726 lakh in Q4FY26.</li> <li _ngcontent-ng-c1940132427="">Basic Earnings Per Share (EPS) for Q1FY27 was Rs 3.98, compared to Rs 5.10 in Q1FY26 and Rs 5.21 in Q4FY26.</li> </ul> <p _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Business Highlights</strong>:</p> <ul> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Coal Mine Extraction:</strong> During Q1FY27, the company extracted approximately 3.3 lakh MT of coal from its Bhaskarpara Coal Mine. The extraction target for the current financial year is set at 1.2 million tonnes.</li> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Capacity Expansion:</strong> The Ministry of Environment, Forest and Climate Change granted Environmental Clearance on June 12, 2026, to increase the production capacity of the Bhaskarpara Coal Mine from 1.0 MTPA to 1.2 MTPA.</li> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">New Tax Regime:</strong> The company opted for the new tax regime under the Income Tax Act, 2025, with effect from April 1, 2026. Consequently, tax exemptions under section 80-IA of the Income Tax Act are no longer available, leading to the calculation of current and deferred tax for Q1FY27.</li> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Deferred Tax Adjustment:</strong> A deferred tax liability of Rs 165 lakh for Q1FY27 was adjusted against the Securities Premium Account in accordance with a court order.</li> <li _ngcontent-ng-c1940132427=""><strong _ngcontent-ng-c1940132427="">Restructuring and Divestment (FY26):</strong> During the previous year, the company transferred certain business units to its wholly owned subsidiaries (Prakash Engineering Private Limited and Prakash Ascast Private Limited) for a total consideration of Rs 29,268 lakh. Additionally, the sale of assets of the Peenya plant was completed for Rs 6,100 lakh, resulting in a gain of Rs 3,401 lakh recognized in FY26.</li> </ul> <p><a class="lb" href="/get-document/post/pdf/5779869/" target="_blank">Result PDF</a></p>

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• BSE India
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