Pradeep Metals Limited has reported its audited financial results for the quarter and financial year ended March 31, 2026. The board approved the standalone and consolidated results along with the recommendation of a final dividend at its meeting held on May 16, 2026. The company's consolidated revenue from operations for the year stood at ₹33,802.67 lakh, an increase from ₹31,186.13 lakh in the previous year. On a standalone basis, revenue from operations grew to ₹32,784.87 lakh from ₹29,439.08 lakh. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and carry unmodified audit opinions from statutory auditors KKC & Associates LLP.

Financial Performance

The company recorded a consolidated net profit of ₹3,033.72 lakh for the financial year, compared to ₹2,717.37 lakh in the prior year. For the quarter ended March 31, 2026, the consolidated net profit was ₹1,031.92 lakh, against ₹709.33 lakh in the corresponding quarter of the previous year. On a standalone basis, the net profit for the year was ₹2,532.74 lakh, while the quarterly profit stood at ₹779.39 lakh. Consolidated total income for the year rose to ₹34,074.43 lakh from ₹31,706.60 lakh, while consolidated total expenses increased to ₹30,115.76 lakh from ₹28,220.23 lakh.

The following table summarises the key financial metrics for the year:

Segment Performance

The company operates across two business segments: closed die steel forging and processing, and power generation. The forging and processing segment remained the dominant contributor, with consolidated segment revenue of ₹33,597.34 lakh for the year, compared to ₹30,988.75 lakh in the previous year. The power generation segment reported consolidated revenue of ₹467.70 lakh, against ₹514.70 lakh previously. Segment-wise profit before tax, finance costs, and unallocable expenses for the consolidated forging segment stood at ₹4,499.68 lakh for the year, up from ₹3,983.17 lakh, while the power generation segment contributed ₹267.54 lakh, compared to ₹268.02 lakh.

Balance Sheet Highlights

As at March 31, 2026, consolidated total assets stood at ₹31,968.65 lakh, compared to ₹26,727.30 lakh in the previous year. Total equity on a consolidated basis increased to ₹16,423.47 lakh from ₹13,721.31 lakh. Standalone total assets were ₹31,141.36 lakh, up from ₹26,366.15 lakh, with standalone total equity at ₹16,236.09 lakh versus ₹14,142.68 lakh previously. Consolidated cash and cash equivalents at the end of the year were ₹601.78 lakh, compared to ₹504.46 lakh at the start of the year.

Cash Flow Summary

On a consolidated basis, net cash generated from operating activities for the year was ₹3,247.47 lakh, compared to ₹3,321.73 lakh in the prior year. Net cash used in investing activities was ₹2,314.76 lakh, primarily on account of capital expenditure of ₹2,393.03 lakh towards property, plant and equipment and intangible assets. Net cash used in financing activities was ₹835.39 lakh, which included dividend payments of ₹425.82 lakh and interest paid of ₹743.25 lakh.

Greenfield Project and Amalgamation Update

Pradeep Metals has initiated a new greenfield project at Butibori, Nagpur, for the establishment of a manufacturing facility for Artillery Shells, with an estimated investment of ₹250 crores. An advance of ₹812.96 lakhs has been made up to FY 2025-26 towards this project. Separately, the board had approved a Scheme of Amalgamation of Nami Capital Private Limited with Pradeep Metals Limited. The National Company Law Tribunal (NCLT), Mumbai Bench, passed the First Motion Order on April 8, 2026, directing the company to convene a meeting of its equity shareholders to consider the proposed scheme. The meeting of equity shareholders has been scheduled for June 12, 2026. The Second Motion hearing before the NCLT for final sanction of the scheme is pending.

Dividend Declaration

The board of directors recommended a final dividend of 25%, or ₹2.50 per equity share of ₹10 each, for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the ensuing 43rd Annual General Meeting.

Board Decisions

In addition to the financial results, the board approved several governance and administrative matters. The board recommended the re-appointment of Mr. Pradeep Goyal (DIN: 00008370) as Chairman & Managing Director for a period of three years with effect from December 17, 2026, subject to shareholder approval. Dr. Kewal Krishan Nohria (DIN: 00060015), who retires by rotation, was also recommended for re-appointment, subject to shareholder approval at the 43rd AGM. M/s. Kirtane & Pandit LLP were re-appointed as internal auditors, and M/s. Vishesh Naresh Patani were re-appointed as cost auditors, both for the financial year 2026-27.

Pradeep Metals has informed BSE Limited of an upcoming Board of Directors meeting scheduled for Saturday, May 16, 2026, in compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was filed on May 9, 2026, and outlines two key agenda items for the board's consideration.

Key Agenda Items for the Board Meeting

The board meeting has been convened to address the following matters, as detailed in the regulatory filing:

Trading Window Closure

In accordance with the provisions of the Securities & Exchange Board of India (Prohibition of Insider Trading) Amendment Regulations, 2018, and the company's internal Code of Conduct to regulate, monitor, and report trading by Designated Persons, the trading window closure period has been in effect from April 1, 2026. The closure will remain in force until 48 hours after the financial results are made public on May 16, 2026.

The intimation was signed by Abhishek Joshi, Company Secretary & Compliance Officer (ACS: 64446), on behalf of Pradeep Metals.