Whalesbook
Prakash Industries FY26 Results Show Profit Growth
Prakash Industries has released its audited financial results for the fiscal year ending March 31, 2026. The company reported net sales of ₹3,479 Crores and earnings before interest, taxes, depreciation, and amortization (EBITDA) of ₹543 Crores for the full year. Profit after tax (PAT) reached ₹333 Crores before accounting for audit adjustments.
For the final quarter of FY26, which ended on March 31, 2026, the company recorded net sales of ₹920 Crores and EBITDA of ₹149 Crores. The PAT for this quarter was ₹93 Crores.
Dividend and Operational Highlights
Reflecting confidence in its financial performance, Prakash Industries has recommended an 18% dividend, equivalent to ₹1.80 per share. This move aims to reward shareholders.
The company also made significant strides in its coal extraction operations. It extracted approximately 2.68 lac metric tons in the fourth quarter and met its annual target of 1 million metric tons for fiscal year 2026. Plans are in place to further increase this output.
Financial Performance Overview
In comparison to the previous fiscal year (FY25), FY26 saw a 9% increase in net sales, rising from ₹3,191 Crores to ₹3,479 Crores. EBITDA grew by 7%, from ₹507 Crores to ₹543 Crores.
Auditor's Qualified Opinion
A notable point in the auditor's report is a qualified opinion regarding a deferred tax liability adjustment. This qualification, which has been present since the financial year ending March 31, 2016, relates to the accounting of deferred tax under Ind AS-12. If the adjustment had been fully applied, the reported net profit for the quarter would have been ₹1,262 Lakhs lower, and for the full year, it would have been ₹2,872 Lakhs lower.
Future Outlook
Shareholders await approval of the proposed dividend. The continued expansion of coal mining operations is expected to be a key driver for the company's future growth. Investors will be watching how the company addresses the auditor's qualified opinion in upcoming financial reports.