Piccadily Agro Industries Announces Q2 Financial Results; Approves Statutory Auditor Appointment
Piccadily Agro Industries Limited has released its un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also announced a significant decision regarding its statutory auditors following a Board meeting held on August 11, 2026.The Board of Directors approved the review of the quarter's performance across both the standalone and consolidated levels. These results have been presented alongside the recommendation for the appointment of new statutory auditors.
Financial Performance Highlights (Quarter Ended June 30, 2026)
For the quarter ended June 30, 2026, Piccadily Agro Industries reported specific figures across its operations. The un-audited results show the company's revenue and profitability indicators:| Financial Metric | Standalone Results | Consolidated Results |
|---|---|---|
| Total Revenue | 27,358.32 INR Lacs | 27,389.91 INR Lacs |
| Net Profit / (Loss) after Tax | 2,863.86 INR Lacs | (333.05) INR Lacs |
| Earnings Per Share (Basic) | 2.17 INR | (2.81) INR |
The company’s financial statements were prepared in accordance with the Indian Accounting Standard 34 and other generally accepted accounting principles in India. Management noted that one of the business segments operates seasonally, meaning any single quarter’s performance may not be representative of the annual run rate.
Appointment of Statutory Auditors
As part of the Board meeting outcomes, the Directors recommended the appointment of M/s Rattan Kaur & Associates, Chartered Accountants (Firm Registration No. 022513N), to serve as the Statutory Auditors for the company. This appointment is intended to hold office for a period of five years, subject to ratification by the shareholders at the Annual General Meeting.Limited Review Report Conducted
M/s Rattan Kaur & Associates provided limited review reports covering both sets of financials:- Standalone Results: The Independent Auditor's review report on the quarterly unaudited standalone financial results has been conducted, confirming that nothing came to their attention that suggested a material misstatement or failure to disclose required information.
- Consolidated Results: A Limited Review Report was also issued for the Consolidated Unaudited Financial Results. This report confirmed that the statement included all necessary disclosures regarding the Group's performance across its subsidiaries and associated companies, including Pigcadily Sugar & Allied Industries Limited.
The review reports were completed on August 11, 2026, by Rattan Kaur & Associates, Chartered Accountants.
PICCADIL Stock Price Movement
On Tuesday, Piccadily Agro Industries Limited shares rallied, closing at ₹778.25, which accounted for a 2.76% gain. The strong performance brought the stock near its annual peak, as the security traded against a volume of 772,512 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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