Prime Industries Q2 FY27 Results (BSE: 519299)
Signal: Steady quarter
The read
The key inflection is consolidated scale: Q2 revenue reached ₹249.85 million, +178.7% YoY, and profit before tax rose to ₹91.98 million from ₹65.31 million, but attributable PAT grew only to ₹35.82 million because ₹29.37 million went to minority interests; the negative ₹577.08 million half-year operating cash flow is the main quality concern.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹24.99 Cr | +178.7% | +113.7% |
| Net profit | ₹3.58 Cr | +7.5% | |
| EPS | ₹1.7 | N/A | |
| EBIT margin | 39.3% |
P&L walk
Revenue was ₹249.85 million, +178.7% YoY and +113.7% sequentially, with profit before tax of ₹91.98 million versus ₹65.31 million a year earlier; attributable PAT was ₹35.82 million as ₹29.37 million was allocated to minority interests.
Segments
Manufacturing generated ₹249.85 million revenue and ₹85.79 million segment result, while investment/trading added ₹89.65 million revenue and ₹5.19 million result; the manufacturing unit is the primary operating profit driver, but consolidated ownership leaves ₹29.37 million of profit with minority interests.
Key positives
- Consolidated revenue was ₹249.85 million, +178.7% YoY and +113.7% sequentially, marking a sharp acceleration in reported scale.
- Manufacturing contributed ₹85.79 million of segment result on ₹249.85 million revenue, making it the dominant operating earnings engine.
- Profit before tax rose to ₹91.98 million from ₹65.31 million in the year-ago quarter, while full-year revenue reached ₹905.91 million versus ₹685.91 million previously.
Key concerns
- Attributable PAT of ₹35.82 million grew only +7.5% YoY despite PBT of ₹91.98 million, because ₹29.37 million was attributable to minority interests.
- Half-year operating cash flow was negative ₹577.08 million despite ₹109.12 million of half-year profit before tax, pointing to significant working-capital absorption.
- Consolidated borrowings were ₹739.61 million at 30 September 2026 versus ₹730.80 million at 31 March 2026, leaving leverage and funding needs relevant to the trajectory.
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