Prakash Industries Limited announced its financial results for the year ended 31st March 2025 showcasing solid growth across key performance metrics. The company recorded net sales of 4014 crores, marking a 9 percent increase compared to the previous financial year. Operating profit grew by 5 percent to reach 520 crores. Profit after tax improved to 355 crores despite the previous year’s profit including 37 crores from asset sales.

During FY2025, Prakash Industries achieved its highest sales volume to date, reaching 9.78 lakh metric tonnes, a 14 percent increase over the last fiscal year. This reflects the company’s expanding operational capacity and market demand for its products.

Significantly, the company commenced coal extraction and dispatches from its Bhaskarpara Coal Mine starting 15th February 2025. In the initial period, 76,351 metric tonnes of coal were extracted. Prakash Industries expects to achieve approximately one million tonnes of coal extraction in FY2026, the first full year of mine operation. This development is projected to substantially reduce raw material costs and improve operational efficiencies at its Integrated Steel Plant located at Champa, Chhattisgarh.

With the coal supply from its own mine, the company anticipates steel production to exceed one million tonnes in the current financial year, further strengthening its market position.

Reflecting strong financial health and growth prospects, the Board of Directors has recommended a dividend of 15 percent, equivalent to 1.50 rupees per equity share of face value 10 rupees.

The company’s management highlighted that these forward-looking statements involve risks and uncertainties, cautioning stakeholders to consider that actual results may vary from expectations due to market and operational factors.

Prakash Industries continues its commitment to sustainable growth through strategic investments in resource integration and capacity expansion, driving value for shareholders and contributing to the Indian steel sector’s development.

The Upcoming IPOs in this week and coming weeks are Scoda Tubes,Neptune Petrochemicals, Aegis Vopak Terminals, Schloss Bangalore, Astonea Labs, Nikita Papers, Prostarm Info Systems, Victory Electric Vehicles International, Blue Water Logistics, Wagons Learning.

The Current active IPO are Unified Data - Tech Solutions, Dar Credit and Capital, Belrise Industries.

The Closed IPOs are Borana Weaves.