Prajay Engineers Syndicate Limited Announces Audited Financial Results for Fiscal Year 2026
Prajay Engineers Syndicate Limited announced the approval of its audited financial results for the quarter and full financial year ended March 31, 2026. The Board of Directors reviewed and accepted the Standalone and Consolidated Financial Results, Balance Sheet, and Profit & Loss Account.The annual financial results included data for the quarter ended March 31, 2026, with fourth quarter figures representing the balancing figures between the audited full financial year figures and the previously published un-audited year-to-date figures.
Financial Performance Overview
The audited financial statements provide a clear comparison of the company's performance and financial standing across the years.The company's consolidated financial results for the year ended March 31, 2026, compared to the previous year, are detailed below:
| Metric | Year Ended March 31, 2026 (Rs. in Lakhs) | Year Ended March 31, 2025 (Rs. in Lakhs) |
|---|---|---|
| Total Income | 4,711.01 | 6,153.86 |
| Total Expense | 6,448.00 | 8,991.28 |
| Profit Before Tax | (1,754.55) | (2,875.92) |
| Total Comprehensive Income attributable to Owners of the Company | (1,864.14) | (2,771.74) |
| Total Assets | 83,939.47 | 72,669.52 |
| Total Equity and Liabilities | 80,417.94 | 69,795.85 |
Balance Sheet Highlights (As at March 31, 2026, Rs. in Lakhs)
| Category | Standalone (31.03.2026) | Consolidated (31.03.2026) |
|---|---|---|
| Property, Plant and Equipment | 14,176.10 | 14,205.04 |
| Capital Work-in-Progress | 8,689.77 | 10,270.33 |
| Investments in subsidiaries | 7,643.88 | - |
| Trade Receivables | 4,317.53 | 4,412.34 |
| Total Assets | 69,795.85 | 80,417.94 |
| Total Equity (Owners of the Company) | 50,056.20 | 47,516.91 |
| Borrowings (Non-current) | 895.39 | 13,260.98 |
| Trade Payables (Current) | 5,277.88 | 9,886.61 |
Key Business Updates and Audit Findings
The statutory auditors, Karumanchi & Associates, issued an unmodified opinion on both the Standalone and Consolidated Financial Statements. The report highlighted several key operational matters for stakeholders:Dispute Resolution and Arbitration:
The auditor drew attention to ongoing legal and arbitration proceedings:
- NCLT Mediation: Disputes involving the associate company Prajay Properties Private Limited and the subsidiary company Prajay Holdings Private Limited were referred to the International Arbitration and Mediation Centre (IAMC) in Hyderabad. A Settlement Agreement has been executed, and compromise terms have been filed before the National Company Law Tribunal (NCLT), Hyderabad.
- Tourism Department Arbitration: Issues arising between the company and the Government of Andhra Pradesh/Telangana Tourism Department are currently under arbitration. The Hon'ble High Court appointed Hon'ble S M Rafee (Retired District Judge) as the Arbitrator in Arbitration Application No. 86 of 2022, and these proceedings remain in progress.
Working Capital Management:
The auditors noted that outstanding trade receivables amount to Rs. 4,317.53 lakhs in the Standalone results and Rs. 4,412.34 lakhs in the Consolidated results. The report confirmed that Rs. 1246.96 lakhs has been set aside as a provision for trade receivables considered doubtful, with an amount of Rs. 947.81 lakhs written off towards bad and doubtful debts during the current year.
Cash Flow Summary (Rs. in Lakhs):
The Cash Flow Statement indicates the company’s cash movements:
| Activity | FY Ended Mar 31, 2026 | FY Ended Mar 31, 2025 |
|---|---|---|
| Net Cash Flows from Operating Activities | 2,429.91 | 1,926.40 |
| Net Cash Flows used in Investing Activities | (1,425.28) | (624.34) |
| Net Cash Flows from/used in Financing Activities | (715.27) | (896.71) |
| Net Increase/(Decrease) in Cash and Cash Equivalents | 289.36 | 405.35 |
| Cash and Cash Equivalents at the end of the period | 4,265.52 | 3,976.16 |
The management and board of directors confirmed that the Standalone and Consolidated financial results are presented in accordance with Indian Accounting Standards (Ind AS) and are based on the findings and approvals secured at the board meeting held on May 25, 2026.
PRAENG Stock Price Movement
Prajay Engineers Syndicate Limited shares today dropped by 2.43% to close at ₹20.90. The stock settled on a total traded volume of 58,277 shares, having completed the session within a ₹20.56 to ₹21.84 intraday range.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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