Precision Metaliks Reports Audited Standalone Financial Results for Half-Year and Year Ended March 31, 2026
Precision Metaliks Limited has released its audited standalone financial results for the half-year and year ended March 31, 2026, following the approval by the Board of Directors during the meeting held on May 30, 2026. The company also issued its Balance Sheet and Cash Flow Statements for the fiscal year.The company confirmed that the Trading Window for dealing in the securities was scheduled to reopen after the expiry of forty-eight hours following the declaration of the Audited Standalone Financial Results.
Financial Performance Highlights
The audited financial data details the company’s revenue, expenses, and profit figures over the last fiscal year.The Revenue from Operations showed a significant increase, reporting ₹1,046.31 Lakhs for the half-year ended March 31, 2026, compared to ₹4,953.48 Lakhs for the half-year ended September 30, 2025. The total revenue for the same period was ₹1,464.93 Lakhs. For the full financial year ended March 31, 2026, total revenue reached ₹13,153.54 Lakhs.
Expenses increased notably, with Total Expenses for the half-year ended March 31, 2026, standing at ₹2,396.26 Lakhs. For the full year ended March 31, 2026, total expenses reached ₹13,075.19 Lakhs.
The Profit/(Loss) for the Period before Tax stood at (₹931.33 Lakhs) for the half-year ended March 31, 2026, and (₹930.82 Lakhs) for the full year ended March 31, 2026. Earnings Per Equity Share (Basic and Diluted) for the full year ended March 31, 2026, were ₹0.35, up from ₹0.16 recorded in the previous year's half-year.
The comprehensive financial figures are detailed in the table below:
| Particulars | Half-Year Ended 31-03-2026 (Audited) | Half-Year Ended 30-09-2025 (Unaudited) | Half-Year Ended 31-03-2025 (Audited) | Year Ended 31-03-2026 (Audited) | Year Ended 31-03-2025 (Audited) |
|---|---|---|---|---|---|
| Revenue from Operations | - | 1,046.31 | 4,953.48 | 1,046.31 | 12,712.92 |
| Other Income | 277.65 | 140.97 | 298.24 | 418.62 | 440.62 |
| Total Revenue | 277.65 | 1,187.28 | 5,251.72 | 1,464.93 | 13,153.54 |
| Cost of Materal Consumed | 6.22 | 736.54 | 4,252.72 | 742.76 | 11,114.81 |
| Purchase of Stock in Trade | 16.82 | 310.19 | 562.63 | 327.01 | 1,001.84 |
| Changes in Inventories... | (0.45) | - | 111.59 | (0.45) | 38.62 |
| Employee Benefit Expenses | 35.29 | 37.03 | 131.61 | 72.32 | 216.44 |
| Finance Cost | 167.07 | 179.22 | 195.41 | 346.29 | 376.69 |
| Loss on Foreign Exchange | 348.13 | 471.20 | 16.09 | 819.33 | 28.76 |
| Depreciation and Amortisation Expenses | 5.82 | 5.82 | 8.06 | 11.64 | 16.09 |
| Other Expenses | 33.75 | 43.61 | 56.24 | 77.36 | 281.94 |
| Total Expenses | 612.65 | 1,783.61 | 5,334.35 | 2,396.26 | 13,075.19 |
| Profit / (Loss) before Tax | (335.00) | (596.33) | (82.63) | (931.33) | 78.35 |
| Profit / (Loss) for the Period | (334.22) | (596.60) | (36.51) | (930.82) | 79.41 |
| Earnings Per Equity Share | (1.46) | (2.60) | (0.16) | (4.05) | 0.35 |
Balance Sheet and Cash Position
As of March 31, 2026, the company's total liabilities stood at ₹17,321.64 Lakhs, compared to ₹21,222.74 Lakhs in the previous year. Assets were reported at ₹17,321.64 Lakhs. The company reported ₹14,438.04 Lakhs in Trade Receivables, while Cash and Cash Equivalents were ₹48.72 Lakhs.The Balance Sheet comparison:
| Particulars | As at 31-Mar-2026 (₹ Lakhs) | As at 31-Mar-2025 (₹ Lakhs) |
|---|---|---|
| Share Capital | 2,295.91 | 2,295.91 |
| Reserves and Surplus | 5,532.68 | 6,463.50 |
| Total Shareholders Funds | 7,828.59 | 8,759.41 |
| Short Term Borrowings | 123.11 | 3,939.39 |
| Total Outstanding Dues to other than MSMEs | 9,055.21 | 8,276.27 |
| Total Current Liabilities | 9,493.05 | 12,463.33 |
| Tangible Assets (PPE) | 53.73 | 65.37 |
| Non-Current Investments | 238.52 | 238.52 |
| Total Non-Current Assets | 294.15 | 305.27 |
| Inventories (Current Assets) | 17.54 | 17.10 |
| Trade Receivables | 14,438.04 | 14,346.90 |
| Cash and Cash Equivalents | 48.72 | 4,123.75 |
| Total Current Assets | 17,027.49 | 20,917.47 |
| Total Assets | 17,321.64 | 21,222.74 |
Cash Flow Statement Analysis
Cash flow data for the fiscal year showed a significant shift in cash positions. Net Cash Flow from Operating Activities for the year ended March 31, 2026, was (₹4,147.34 Lakhs), compared to (₹1,090.65 Lakhs) in the previous year.Key components of the cash flow statement included:
- Total Adjustment to Profit/Loss (A+B): The adjustment to reconcile profit was (₹2,797.40 Lakhs) for the year ended March 31, 2026, versus (₹728.29 Lakhs) in the previous year.
- Net Cash Flow from Operating Activities: The outflow was (₹4,147.34 Lakhs), up from (₹1,090.65 Lakhs).
- Net Cash Flow from Financial Activities: This outflow was (₹346.30 Lakhs), compared to (₹347.30 Lakhs) previously.
- Net Increase in Cash and Cash Equivalents: The company recorded a net decrease of (₹4,075.03 Lakhs) in cash and cash equivalents.
Auditor's Observations
The Statutory Auditors issued an Unmodified Opinion on the standalone financial results for the half-year ended March 31, 2026, and the Year-to-date Results for the period from April 1, 2025 to March 31, 2026.The auditors highlighted several key matters regarding the financial statements:
1. Receivables Concern: The auditors noted that the Company has significant outstanding receivables from a major customer. These dues have remained overdue for a prolonged period without adequate recovery and may adversely impact the liquidity position and cash flows of the Company.
2. Operational Halt: Furthermore, the production process has reportedly come to a halt, creating uncertainty that may affect the Going Concern assumption of the Company.
3. Verification Issues: The auditors noted that the CSR amount is yet to be spent, and information regarding trade payables registered under the MSME Act could not be obtained as of the reporting date.
PRECISION Stock Price Movement
On Friday, Precision Metaliks Limited shares settled flat at ₹8.00, marking a negligible 0.00% change from the previous close. The stock saw 18,000 shares traded 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: