Prime Industries Limited, a Ludhiana-based company listed on the BSE, announced the unaudited financial results for the quarter ended 30 June 2025 (Q1FY26) in a Board Meeting held on 2 August 2025. Along with the quarterly earnings, the company also disclosed a strategic acquisition of 50.001% equity stake in Linga Agri Trading and Machinery Private Limited, marking a significant step into the agricultural machinery segment.

Financial Performance Overview

For the first quarter of FY26, Prime Industries reported a total revenue of ₹8.31 million, which solely came from other income. No revenue from operations was recorded during this quarter. In comparison, the Q1FY25 other income stood at ₹7.45 million, while the previous quarter (Q4FY25) had ₹4.63 million under the same head.

The total expenses for Q1FY26 stood at ₹5.53 million, with the major cost component being the finance cost of ₹2.43 million. The company also incurred an employee benefit expense of ₹0.54 million, and other expenses totalling ₹2.56 million, including depreciation.

The profit before tax stood at ₹3.72 million, and after deducting tax expenses of ₹0.94 million, the net profit for Q1FY26 came to ₹2.78 million. This is double the profit reported in the same quarter last year (₹1.38 million).

The earnings per share (EPS) for the quarter was ₹0.13 (basic and diluted) on a face value of ₹5 per share.

Strategic Investment in Agricultural Machinery Business

In a move indicating strategic expansion, Prime Industries announced the acquisition of a controlling 50.001% equity stake in Linga Agri Trading and Machinery Private Limited. This company is engaged in the manufacturing of a wide range of farm and agricultural machinery, including implements, scientific devices, equipment, and their spares/accessories.

This acquisition transforms Linga Agri into a subsidiary of Prime Industries. The Board of Directors believes this investment aligns with long-term growth plans, especially as India’s agri-mechanisation demand grows in rural and semi-urban regions. The company aims to benefit from government push for mechanised farming and MSME support schemes.

Board Meeting Details and Compliance

The Board Meeting commenced at 12:00 PM and concluded at 1:00 PM on 2 August 2025. During the meeting, the Audit Committee reviewed and approved the results before presenting them to the Board. The Limited Review Report, prepared by Bhushan Aggarwal & Co., Chartered Accountants, was also submitted to BSE in compliance with Regulation 33 of SEBI (LODR) Regulations, 2015.

The auditors noted no material misstatement and confirmed that the unaudited financial results were prepared in accordance with Indian Accounting Standard (Ind AS) 34 for interim reporting.

Share Capital and Investor Grievances

The paid-up equity share capital of the company stood at ₹105.38 million as on 30 June 2025. The company confirmed that no investor complaints were received or pending during the quarter, reflecting its commitment to compliance and governance.

Past Performance Recap

Looking at the past financial year ending 31 March 2025, the company reported:

• Total income of ₹34.10 million

• Net profit of ₹14.73 million

• EPS of ₹0.87

Despite no operational revenue in multiple quarters, the company managed profitability through other income streams, likely including investments or financial instruments.

Website and Disclosure

The results and Limited Review Report will be made available on both the company’s official website (www.primeindustrieslimited.com) and the BSE website (www.bseindia.com) as required by SEBI’s disclosure regulations.

Conclusion

Prime Industries’ financial performance in Q1FY26, though devoid of core operational revenue, remained in the green due to consistent other income. The acquisition of Linga Agri points to a strategic pivot toward agri-tech and farm mechanisation—a sector poised for exponential growth. This move may not only diversify revenue streams but also help the company align with India's evolving rural infrastructure and agricultural policies.

As Prime Industries strengthens its footprint in the agricultural equipment domain, investors and stakeholders will be keenly watching the impact of this acquisition on the future earnings trajectory.

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