Precision Electronics Limited has secured a significant order worth Rs 37 crore from the Ministry of Home Affairs, Government of India, for the supply of surveillance systems. The order is domestic in nature and must be executed within the current financial year 2026-27. This development underscores the company's capabilities in the security and surveillance domain, contributing to its revenue stream for the fiscal year.

The disclosure was made to BSE Limited on June 8, 2026, under Regulation 30 of the SEBI Listing Regulations. The company stated that specific details regarding the client name could not be disclosed due to confidentiality clauses and commercial sensitivity associated with the contract. The order includes the supply of surveillance systems along with necessary accessories.

Order Details

The filing provided specific particulars regarding the contract, confirming that neither the promoter group nor group companies hold any interest in the entity awarding the order. Furthermore, the transaction does not fall within related party transactions.

Punit A. Bajaj, Company Secretary and Compliance Officer, signed the disclosure on behalf of Precision Electronics Limited. The company's registered office is located in New Delhi, while its Noida office handles operational communications.

Precision Electronics Limited returned to profitability in the financial year ended March 31, 2026, posting a net profit of ₹60.90 lakh compared to a net loss of ₹57.64 lakh in the previous year. This turnaround was driven by a significant increase in income from operations, which rose to ₹7,901.66 lakh for FY26 from ₹4,710.41 lakh in FY25. For the quarter ended March 31, 2026, the company reported a net profit of ₹202.89 lakh.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, in a meeting held on May 29, 2026. The results were reviewed by the Audit Committee and are based on the audited financial statements prepared in accordance with the Indian Accounting Standards (Ind AS). Statutory auditors M/s Nemani Garg Agarwal & Co. provided an unmodified opinion on the financial results.

Financial Performance

The company's total income for FY26 stood at ₹7,973.79 lakh, a substantial increase from ₹4,748.38 lakh in the previous year. Total expenses for the year increased to ₹7,830.28 lakh from ₹4,729.56 lakh in FY25. Profit before tax for the year was ₹143.51 lakh, up from ₹18.81 lakh in the prior year.

For the fourth quarter of FY26, income from operations was ₹2,277.24 lakh, compared to ₹1,806.41 lakh in the same period last year. The company reported a profit before tax of ₹288.55 lakh for the quarter, with basic and diluted earnings per share (EPS) recorded at ₹1.47.

Operational Updates and Appointments

In a disclosure regarding operational shifts, the company informed the exchanges that it is moving certain manufacturing operations from its Noida facility to its Sector 58, Ballabhgarh facility in Faridabad, subject to customary approvals. This follows earlier intimations dated May 30, 2025, and December 12, 2025.

The Board appointed M/s Rajendra K Goel & Company, Chartered Accountants, as the internal auditor for the financial year 2026-2027. The appointment was effective from May 29, 2026. The trading window for directors and designated persons will remain closed until June 1, 2026, and will reopen on June 2, 2026.