Prakash Steelage Limited has released the extract of audited financial results for the quarter and year ended 31st March 2025.
The results were reviewed by the audit committee and approved by the Board of Directors on 26th May 2025.
Total income from operations (net) stood at ₹2,134.97 Lakhs for the quarter ended March 31, 2025, and ₹12,680.55 Lakhs for the year ended March 31, 2025.
Net profit after tax for the quarter ended March 31, 2025, was ₹25.77 Lakhs, and for the year ended March 31, 2025, it was ₹5,788.73 Lakhs.
Basic and diluted earnings per share stood at ₹0.01 for the quarter and ₹3.31 for the year ended March 31, 2025.
The complete financial results are available on the company's website (www.prakashsteelage.com) and stock exchange websites (www.nseindia.com and www.bseindia.com).
Prakash Steelage Limited's Board of Directors convened on Monday, May 26, 2025, to approve the audited standalone financial results for the quarter and year ended March 31, 2025, which received an unmodified opinion from the Statutory Auditors.
Financial Highlights (Standalone):
For the quarter ended March 31, 2025:
Total Income stood at ₹2,184.97 lakh.
Net Profit after Tax was ₹25.77 lakh.
Basic and Diluted Earnings per Share (EPS) was ₹0.01.
For the year ended March 31, 2025:
Total Income was ₹7,801.92 lakh.
Net Profit after Tax reached ₹129.57 lakh.
Basic and Diluted EPS was ₹0.07.
Cash and cash equivalents were ₹26.40 lakh as on March 31, 2025, compared to ₹35.16 lakh as on March 31, 2024.
The company noted that the financial results have been prepared in accordance with Indian Accounting Standards (Ind AS). No specific comment from management regarding performance or future guidance was provided.
Other key decisions approved by the Board include:
Appointment of M/s. SK. Jain & Co., Practicing Company Secretaries, as Secretarial Auditor for five consecutive years, from financial year 2025-26 till financial year 2029-2030, pending approval from members at the upcoming Annual General Meeting (AGM).
Appointment of M/s. Luniya & Co., Chartered Accountants, as Internal Auditors for the financial year 2025-26.
Appointment of M/s. P.K. Patwa & Co., Cost Accountants, as Cost Accountants for the financial year 2025-26, subject to ratification of their appointment and remuneration by the members at the ensuing General Meeting.
Noting the resignation of Mr. Himanshu Sethia from the post of Company Secretary and Compliance Officer, effective from the close of business hours on June 02, 2025.
Appointment of Ms. Sakshi Dinesh Faganiya as the new Company Secretary and Compliance Officer, effective June 03, 2025.
Re-appointment of Mr. Ashok M. Seth as the Whole Time Director for a period of five years, commencing from December 29, 2025, to December 28, 2030, subject to approval from members at the ensuing AGM.
The Board meeting began at 3 p.m. and concluded at 3:36 p.m. on May 26, 2025.
Resignation of Mr. Himanshu Sethia as Company Secretary & Compliance Officer, effective close of business hours on 02nd June, 2025, due to career progression.
Appointment of Ms. Sakshi Dinesh Faganiya (ICSI M. No.: A76254) as Company Secretary & Compliance Officer, effective 03rd June, 2025.
Ms. Faganiya is a Commerce Graduate and a Member of the Institute of Company Secretaries of India, with around 2 years of experience in the Corporate Secretarial function. She was previously associated with Dhrumil M Shah & Co. LLP as a Management Trainee.
Prakash Steelage Limited's Board met on May 26, 2025, and approved several key appointments and re-appointments.
Approved the Audited Financial Results (Standalone) for the quarter and year ended March 31, 2025, with an unmodified audit opinion from M/s Pipara & Co. LLP, Chartered Accountants.
Appointed M/s. SK. Jain & Co. as Secretarial Auditor for 5 years starting from FY 2025-26, subject to member approval.
Appointed M/s. Luniya & Co. as Internal Auditors for FY 2025-26.
Appointed M/s. P.K. Patwa & Co. as Cost Accountants for FY 2025-26, subject to member ratification.
Noted the resignation of Mr. Himanshu Sethia as Company Secretary and Compliance Officer, effective June 2, 2025.
Appointed Ms. Sakshi Dinesh Faganiya as Company Secretary and Compliance Officer, effective June 3, 2025.
Re-appointed Mr. Ashok M. Seth as Whole Time Director for 5 years from December 29, 2025, to December 28, 2030, subject to member approval.
The company's financial results for the quarter ended March 31, 2025, show a revenue from operations of ₹ 2,130.66 Lakhs and a net profit after tax of ₹ 25.77 Lakhs. For the year ended March 31, 2025, the revenue from operations was ₹ 7,656.86 Lakhs and the net profit after tax was ₹ 129.57 Lakhs.
The Board has identified Manufacturing of Stainless Steel Tubes & Pipes business as its primary reportable segment.