Presstonic Engineering Limited Approves Half-Year Financial Results and Announces Key Management Changes
Presstonic Engineering Limited, a company previously known as Presstonic Engineering Private Limited, announced significant corporate updates following its Board of Directors meeting held on May 19, 2026. The Board considered and approved the audited financial results for the half year and the year ended March 31, 2026.In a move strengthening its leadership structure, the Board also approved the re-appointment of key executives. Mr. Herga Poornachandra Kedilaya was re-appointed as Managing Director, while Mr. Yermal Giridhar Rao was re-appointed as Joint Managing Director. Additionally, Mr. Nagendra Dattathreya Rao was re-appointed as Chairman of the Board.
Financial Performance and Balance Sheet Update
The company released its Standalone Financial Results for the half year and year ended March 31, 2026.The standalone financial statement shows the total income reaching 4,080.31 lakhs for the full financial year ended March 31, 2026, compared to 2,103.74 lakhs in the previous year.
The full results, along with the audit report, show the following financial standing:
| Particulars | 31 March 2026 Audited (₹ in lakhs) | 31 March 2025 Audited (₹ in lakhs) |
|---|---|---|
| Total Equity and Liabilities | 7,518.11 | 4,731.78 |
| Total Assets | 7,518.11 | 4,731.78 |
The company's profitability figures were:
| Particulars | Half Year Ended 31-03-2026 (₹ in lakhs) | Half Year Ended 31-03-2025 (₹ in lakhs) | Full Year Ended 31-03-2026 (₹ in lakhs) | Full Year Ended 31-03-2025 (₹ in lakhs) |
|---|---|---|---|---|
| Revenue from Operations | 2,033.39 | 2,016.87 | 4,050.26 | 2,103.74 |
| Total Income | 2,046.10 | 2,034.21 | 4,080.31 | 2,144.07 |
| Total Expenses | 1,773.52 | 1,990.15 | 3,763.67 | 2,055.20 |
| Profit/(Loss) before tax | 272.58 | 44.06 | 316.64 | 88.87 |
| Profit/(Loss) for the period | 226.77 | 32.97 | 259.74 | 86.40 |
Rights Issue and Funds Utilization
Presstonic Engineering Limited had previously announced a rights issue, resulting in the receipt of Rs 26,36,76,000/-.The company’s statement on the utilization of these funds indicates that a total of 2572.58 lakhs was utilized as of March 31, 2026, leaving 64.18 lakhs unutilized. The utilization details across key objects are provided below:
| Original object | Amount receivable (₹ in lakhs) | Amount received (₹ in lakhs) | Actual Utilisation up to 31-03-2026 (₹ in lakhs) | Unutilized (₹ in lakhs) |
|---|---|---|---|---|
| Repayment/ prepayment of borrowings | 297.23 | 297.23 | 297.23 | - |
| Funding working capital requirements | 1608.69 | 1567.83 | 1560.71 | 7.12 |
| General Corporate Purposes | 670 | 650 | 630.71 | 19.29 |
| Issue related expenses | 121.7 | 121.7 | 83.93 | 37.77 |
| Total | 2697.62 | 2636.76 | 2572.58 | 64.18 |
Cash Flow and Segment Analysis
The standalone Cash Flow Statement highlights that the company generated (or used) a net cash amount of (644.78) lakhs from operating activities for the year ended March 31, 2026, compared to (321.33) lakhs in the previous year.For a detailed understanding of resource allocation, the following table summarizes the segment revenues:
| Particulars | Half-Year Ended 30-09-2025 (₹ in lakhs) | Half-Year Ended 31-03-2026 (₹ in lakhs) | Year Ended 31-03-2026 (₹ in lakhs) |
|---|---|---|---|
| Metro Rail Components (Revenue) | 972.18 | 964.50 | 1,936.68 |
| Infrastructure Engineering Products (Revenue) | 814.11 | 41.00 | 855.11 |
| General Fabrication Stainless Steel (Revenue) | 40.85 | 819.00 | 859.85 |
| Others (Revenue) | 189.73 | 208.89 | 398.61 |
| Total Revenue from Operations | 2,016.87 | 2,033.39 | 4,050.26 |
Overall Operating Profit stood at 358.89 lakhs for the half year ended March 31, 2026, significantly increasing from 161.59 lakhs reported in the corresponding period of the previous year.
PRESSTONIC Stock Price Movement
On Tuesday, shares of Presstonic Engineering Limited edged higher, closing at ₹38.00 after gaining 0.66%. The stock settled on a volume of 30,400 shares, finishing above its previous close of ₹37.70.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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