Prakash Woollen & Synthetic Mills Ltd.

Board Meeting Details

The Board of Directors meeting was held on November 6, 2026, commencing at 12:30 PM and concluding at 02:30 PM. The Board considered and approved the Unaudited Financial Results (Standalone) for the quarter and six months ended September 30, 2026.

Financial Results Summary (Standalone)

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from Operations: ₹24.87 crore (decreased from ₹26.89 crore in Q2 FY26)
  • Total Income: ₹24.87 crore (decreased from ₹26.90 crore in Q2 FY26)
  • Net Profit/(Loss): Net loss of ₹1.51 crore (compared to net loss of ₹0.28 crore in Q2 FY26)
  • Earnings Per Share (Basic & Diluted): (₹1.47) per share (compared to (₹0.27) per share in Q2 FY26)

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹48.63 crore (increased from ₹43.28 crore in H1 FY26)
  • Total Income: ₹48.63 crore (increased from ₹43.28 crore in H1 FY26)
  • Net Profit/(Loss): Net profit of ₹1.06 crore (improved from net loss of ₹0.47 crore in H1 FY26)
  • Earnings Per Share (Basic & Diluted): ₹1.03 per share (improved from (₹0.46) per share in H1 FY26)

Key Expense Items (Q2 FY27)

  • Cost of materials consumed: ₹23.70 crore
  • Employee benefits expense: ₹2.80 crore
  • Finance costs: ₹1.02 crore
  • Depreciation and amortization: ₹1.04 crore
  • Other expenses: ₹5.26 crore

Exceptional Items

The company reported exceptional items of ₹648.05 lakh in the current year, comprising:

  • Enhanced Principal Compensation: ₹399.82 lakh
  • Interest received on Enhanced Compensation: ₹248.23 lakh

This relates to an award on land acquired by NHAI in FY 2019-20. Other expenses include ₹65.00 lakh incurred on securing this enhanced compensation.

Auditor's Review

Harshit Mehrotra and Associates, Chartered Accountants, issued a limited review report stating that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement. The review report did not contain any qualification or adverse remark.

Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹134.67 crore (increased from ₹118.90 crore as of March 31, 2026)
  • Non-current Assets: ₹62.89 crore
  • Current Assets: ₹71.78 crore (including Inventories: ₹43.77 crore, Trade receivables: ₹8.15 crore)
  • Equity: ₹48.99 crore
  • Non-current Liabilities: ₹25.27 crore (including Borrowings: ₹23.29 crore)
  • Current Liabilities: ₹60.41 crore (including Borrowings: ₹25.39 crore, Trade payables: ₹21.50 crore)

Cash Flow Statement (H1 FY27)

  • Net cash from operating activities: (₹11.60) crore
  • Net cash from investing activities: ₹4.63 crore
  • Net cash from financing activities: ₹7.10 crore
  • Net increase in cash and cash equivalents: ₹0.13 crore

Additional Notes

1. The company is engaged in the made-ups of textile business (blankets etc.) with only one reportable segment.

2. The business is seasonal in nature, and quarterly results are not representative of the whole year.

3. During the previous year ended March 31, 2026, the company received:

  • Capital subsidy of ₹270.98 lakh for acquisition of specific machines
  • Interest cost reimbursement of ₹114.10 lakh on Term Loan

4. The results were reviewed by the Audit Committee and approved by the Board of Directors.