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Prabhu Steel Industries Ltd| Statement of Audited Financial Results for the Quarter and Year ended March 31, 2026

BULLISH SENTIMENT

Report Source

⬤9th May 26

Summary : Prabhu Steel Industries reported strong revenue growth and returned to profitability, driven by core business and strategic investment.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Cost of Materials Consumed/Purchase of Trading Stock: ₹1,662.39 Lakhs (FY26) vs ₹1,057.18 Lakhs (FY25).
  2. Employee Benefits Expense: ₹30.23 Lakhs (FY26) vs ₹2.19 Lakhs (FY25).
  3. Finance Costs: ₹6.47 Lakhs (FY26) vs ₹18.49 Lakhs (FY25).
  4. Depreciation and Amortization Expenses: ₹13.74 Lakhs (FY26) vs ₹5.66 Lakhs (FY25).
  5. Other Expenses: ₹63.23 Lakhs (FY26) vs ₹33.70 Lakhs (FY25).
  6. Revenue from Operations: ₹1,688.27 Lakhs (FY26) vs ₹1,259.32 Lakhs (FY25).
  7. Other Income: ₹68.85 Lakhs (FY26) vs ₹67.69 Lakhs (FY25).
  8. Net cash generated from operating activities improved to ₹259.01 Lakhs from ₹(218.10) Lakhs.
  9. Net cash used in investing activities was ₹(212.16) Lakhs due to investments.
  10. Net cash used in financing activities was ₹(40.00) Lakhs.
  11. Cash and cash equivalents increased to ₹24.75 Lakhs from ₹17.91 Lakhs.
  12. Total Assets increased to ₹1,671.55 Lakhs from ₹1,289.19 Lakhs.
  13. Other Equity increased to ₹1,039.00 Lakhs from ₹988.21 Lakhs.
  14. Current Liabilities significantly increased to ₹460.24 Lakhs from ₹93.01 Lakhs.
  15. Trade Receivables increased to ₹386.73 Lakhs from ₹205.47 Lakhs.
  16. Inventories increased to ₹258.20 Lakhs from ₹170.24 Lakhs.
  17. Investment in 'SILVERSTONE INFRAVENTURES' with 20% profit-sharing ratio.
  18. All financial results are standalone, no consolidated statements applicable.

Corporate Overview

  1. Trading of iron and steel and related services.
  2. Formal and informative, focusing on regulatory compliance and financial reporting.
  3. Segment information not presented due to Ind AS 108 non-applicability.
  4. Invested ₹158.64 Lakhs in 'SILVERSTONE INFRAVENTURES' for layout development.
  5. May make additional capital contributions to partnership firm.

Risk Factors

  1. Significant increase in current liabilities.
  2. High dependence on iron and steel.
  3. Lack of detailed segment reporting.
  4. Potential impact of new labor codes.

Key Drivers

  1. Strong revenue growth year-on-year.
  2. Company achieved significant profitability turnaround.
  3. Positive cash flow from operations.
  4. Strategic investment in infra ventures.

Auditor’s Report

  1. Unmodified opinion on standalone financial results.

Board Commentary

  1. Appointment of M/s Shubham Bajhal and Associates as Internal Auditor.
  2. Impact of new Labour Codes assessed as not material.
  3. Investment of ₹158.64 Lakhs in 'SILVERSTONE INFRAVENTURES' partnership firm.

Corporate Governance

  1. Audit Committee reviewed and recommended financial results.

Management Discussion & Analysis

Future Strategy

  1. Strategic investment in partnership firm for layout development activities.