Prakash Industries Q3FY26 Profit After Tax Rises to ₹87 Crore
Prakash Industries reported Q3 FY26 PAT of ₹87 Crore, up from ₹84 Crore YoY. Nine-month PAT was ₹240 Crore with EPS of ₹13.39. The company will repay ₹75 Crore Inter-Corporate Loan to Prakash Pipes. Coal extraction is expected to exceed 1 Mn MT in FY26.
The increase in quarterly profit and positive outlook on steel demand are positive indicators. The repayment of the inter-corporate loan is a significant related party transaction that impacts cash flow, though it is stated to be at arm's length.
The company reported an increase in Profit After Tax for the quarter and expects strong steel demand going forward. The repayment of the inter-corporate loan is a routine matter and is at arm's length.
Prakash Industries Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results in a meeting held on February 14, 2026. During the quarter, the company achieved Net Sales of ₹799 Crore and EBITDA of ₹136 Crore. Profit After Tax for the quarter increased to ₹87 Crore, compared to ₹84 Crore in the corresponding quarter of the previous financial year.
For the nine months ended December 31, 2025, Prakash Industries reported Net Sales of ₹2559 Crore and EBITDA of ₹394 Crore. Profit After Tax for this period stood at ₹240 Crore, resulting in an Earnings Per Share (EPS) of ₹13.39.
The company also approved the repayment of an Inter-Corporate Loan of ₹75 Crore availed from Prakash Pipes Limited (PPL), a promoter group entity. The repayment, along with applicable interest, will be made in due course. This transaction is considered a Related Party Transaction, undertaken at arm's length and in the ordinary course of business.
Looking ahead, the company anticipates strong steel demand driven by government initiatives in construction and infrastructure. Regarding its Bhaskarpara coal mine operations, Prakash Industries extracted approximately 2.52 lac MT of coal during the quarter and expects to achieve over 1 Mn MT of coal extraction in FY2026. Furthermore, the company is in the process of enhancing its mining plan from 1 Mn MT per annum to 1.2 Mn MT per annum.
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