Prakash Industries Announces Financial Results, Recommends Dividend, and Reports Strong Operational Growth

Prakash Industries Announces Financial Results, Recommends Dividend, and Reports Strong Operational Growth​

Prakash Industries Limited announced its financial results and board recommendations following a board meeting held on May 22, 2026. During the meeting, the Board of Directors approved the audited financial results for the quarter and the year ended March 31, 2026, and recommended a dividend.

Financial Performance and Key Figures​

The company reported significant operational performance across both the quarter and the full fiscal year. According to the press release, for the quarter, Prakash Industries achieved Net Sales of ~920 Crores and an EBITDA of ~149 Crores. This reflects a growth of 9% in net sales and 7% in EBITDA compared to the corresponding quarter of the previous financial year. Profit after Tax for Q4FY2026 also increased to ~93 Crores.

For the full financial year ended March 31, 2026, the company achieved Net Sales of ~3479 Crores and an EBITDA of ~543 Crores. Profit after Tax for the entire year was recorded at ~333 Crores.

The Board of Directors, taking the financial performance into account, recommended a dividend of 1.80 per equity share of 10 each. This dividend recommendation is subject to the approval of the company's members.

Financial Statements Overview​

The company released audited statements detailing its performance, assets, and cash flows. The Statement of Audited Financial Results for the quarter/year ended March 31, 2026, and the Statement of Assets and Liabilities as of March 31, 2026, show the following key comparative data (figures in lakhs):


Similarly, the Statement of Cash Flow for the year ended March 31, 2026, detailed the financial movements (figures in lakhs):

Operational and Audit Details​

In operational news, Prakash Industries reported that it extracted -2.68 lac MT of coal during the quarter and achieved a targeted extraction of -1 Mn MT of coal in FY2026 from its Bhaskarpara Coal Mine. The company also noted its plan to enhance its mining capacity from 1 Mn MT per annum to 1.2 Mn MT per annum.

The Board of Directors also approved the re-appointment of M/s Rakshit & Associates, Cost Accountants (FRN: 101951), as Cost Auditors of the Company for the Financial Year 2026-27, based on the recommendation of the Audit Committee.

The comprehensive audit report for the quarter and year ended March 31, 2026, issued a Qualified Opinion. The qualification arose because the Deferred Tax Liability of Rs 1,262 lakhs for the quarter and Rs 2,872 lakhs for the year ended March 31, 2026, was adjusted against the Securities Premium Account in terms of a court order. Had the deferred tax liability been accounted for under Ind AS-12 'Income Taxes', the net profit and total comprehensive income after tax for the quarter and year would have been lower by Rs 1,262 lakhs and Rs 2,872 lakhs, respectively.

Corporate Information​

Prakash Industries Limited's corporate office is located at Srivan, Bijwasan, New Delhi - 110061. The company's registered office is at 15 Km. Stone, Delhi Road, Hissar -125044 (Haryana).

PRAKASH Stock Price Movement​

Prakash Industries Limited shares today slipped by 1.50% to settle at ₹147.96, marking a downturn in the Metals & Mining sector. The stock saw a significant trading day, concluding the session with a total volume of 388,655 shares.