Premier Synthetics reports net loss of ₹41.62 lakh in FY26

Premier Synthetics reported a net loss of ₹41.62 lakh for the financial year ended March 31, 2026, a reversal from the net profit of ₹149.07 lakh recorded in the previous year. The company’s revenue from operations fell to ₹1,117.32 lakh in FY26 from ₹1,479.64 lakh in FY25. For the quarter ended March 31, 2026, the company posted a net loss of ₹48.86 lakh.

The standalone financial results were audited by Purushottam Khandelwal & Co., Chartered Accountants. The audit was conducted in accordance with the Standards on Auditing specified under section 143(10) of the Companies Act, 2013. The auditors opined that the financial results give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian accounting standards (Ind AS).

Financial Performance

Total income for FY26 stood at ₹1,209.61 lakh, down from ₹1,710.33 lakh in the previous year. Total expenses increased to ₹1,387.67 lakh from ₹1,629.05 lakh in FY25. The company reported a loss before tax from continuing operations of ₹178.06 lakh for the year, compared to a profit before tax of ₹81.29 lakh in the prior year.

For the quarter ended March 31, 2026, revenue from operations was ₹178.00 lakh, while total income stood at ₹189.88 lakh. The company recorded a profit before tax from continuing operations of ₹27.24 lakh for the quarter. However, a loss of ₹76.11 lakh from discontinued operations resulted in a net loss for the period.

Segment and Operational Details

During the quarter, the company operated in a single segment, specifically the trading of textiles. The financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting held on May 29, 2026.

Key Financial Metrics

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from Operations	1,117.32	1,479.64
Total Income	1,209.61	1,710.33
Total Expenses	1,387.67	1,629.05
Net Profit/(Loss)	(41.62)	149.07

The paid-up equity share capital remained unchanged at ₹459.32 lakh. Earnings per share (EPS) for continuing and discontinued operations was (₹0.91) for FY26, compared to ₹3.25 in the previous year.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-9.04%	-9.04%	-3.23%	-8.93%	-21.55%	-29.25%

Premier Synthetics reported a net loss of ₹41.62 crore for the financial year ended March 31, 2026, reversing its profitability from the previous year. The company recorded a net profit of ₹149.07 crore in FY25. Revenue from operations fell 29.3% to ₹1,209.61 crore from ₹1,710.33 crore in the prior year.

The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. The report noted that the results for the quarter are balancing figures between the audited annual figures and the published year-to-date figures up to the third quarter.

For the quarter ended March 31, 2026, the company reported a net loss of ₹48.86 crore, compared to a net profit of ₹131.55 crore in the same period last year. Revenue from operations for the quarter stood at ₹189.88 lakh, a drop from ₹381.55 lakh in the corresponding quarter of the previous year.

Financial Position

The company's equity share capital remained constant at ₹459.32 lakh. Reserves decreased to ₹679.54 lakh as of March 31, 2026, from ₹747.88 lakh in the previous year. The basic and diluted earnings per share (EPS) for continuing and discontinued operations was (₹0.91) for FY26, compared to ₹3.25 in FY25.