Procal Electronics Financial Results Q2 2026

Revenue for the quarter was reported at Rs 0.00 crore. The net loss for the period stood at Rs 0.013 crore.

Reader Takeaway: The company faces severe liquidity and operational hurdles; continued lack of business activity clouds its future prospects.

What just happened

Procal Electronics India Ltd filed its financial results for the quarter ending September 30, 2026, confirming that the company generated no revenue from operations. The firm recorded a net loss of Rs 0.013 crore, slightly higher than the Rs 0.012 crore loss recorded in the same quarter last year. Earnings per share were reported at Rs -0.04.

Why this matters

The statutory auditor, SSRV & Associates, has issued a qualified opinion regarding the company's financial health. The auditor explicitly highlighted that the company's net worth has been fully eroded, with current liabilities significantly outweighing current assets. The report confirms that the company currently possesses nil inventory and nil fixed assets, leaving little substance for underlying operations.

Risks to watch

The auditor raised major red flags, noting that the company's bank accounts are currently inoperative due to pending KYC compliance. Furthermore, the auditor was unable to verify trade receivables, payables, or loan balances, as independent confirmations were not provided. The 'Going Concern' qualification suggests that the auditor believes there is material uncertainty regarding the company's ability to survive in its current state.

What changes now

Management has acknowledged the severe financial distress and the lack of business activity. They have stated they are currently evaluating options to revive the business and secure financial support. Efforts are reportedly underway to reconcile balances and address the pending KYC requirements for bank accounts. A related party transaction was also disclosed, involving a loan of Rs 87,337 provided by director Mahendra Kumar Bothra to support the company's requirements.

What to track next

Investors should monitor any concrete updates on the proposed revival strategy and the completion of KYC formalities, which are necessary for the company to regain access to its bank accounts.