Punjab Communications Limited has reported its audited financial results for the fiscal year ended March 31, 2026, marking a return to profitability. The company’s board of directors approved the financial statements during its meeting held on May 20, 2026.

Financial Performance

For the full year, Punjab Communications posted a net profit of ₹297.60 lacs, reversing the net loss of ₹37.86 lacs recorded in the previous fiscal year. This turnaround was driven by a 44.6% increase in total revenue, which climbed to ₹3,729.39 lacs from ₹2,579.77 lacs in FY25. Revenue from operations rose to ₹2,684.80 lacs, up from ₹1,721.43 lacs in the prior year.

The company’s basic earnings per share (EPS) improved to ₹2.48 for the year ended March 31, 2026, compared to a loss of ₹0.31 per share in the previous year. For the quarter ended March 31, 2026, the net profit stood at ₹30.40 lacs, with revenue from operations at ₹702.47 lacs.

Operational Highlights

Other income for the year increased to ₹1,044.59 lacs, contributing to the total revenue. The company managed its total expenses, which amounted to ₹3,431.79 lacs for the year, compared to ₹2,683.40 lacs in the previous year. Employee benefits expense was a significant component, recorded at ₹1,360.73 lacs.

Financial Position

As of March 31, 2026, the company's total assets were valued at ₹8,893.83 lacs, an increase from ₹8,086.94 lacs in the previous year. The equity and liabilities included a share capital of ₹1,204.80 lacs and other equity of ₹1,840.48 lacs. Cash and cash equivalents improved to ₹617.52 lacs from ₹399.52 lacs at the end of the previous fiscal year.

Key Financial Metrics

Auditor's Report

The statutory auditors, Charanjit Singh & Associates, issued a qualified opinion on the financial statements. The qualifications primarily relate to the valuation of inventory, which was not done in compliance with Ind AS 2 using the FIFO method, and the absence of an accounting policy to estimate Expected Credit Loss (ECL) for trade receivables. The auditors also noted material weaknesses in the company's internal financial controls over financial reporting regarding inventory valuation.

Punjab Communications Limited has announced a change in its senior management, specifically regarding the position of Chief Financial Officer (CFO). The decision was taken during the company's 239th Board Meeting held on May 20, 2026, pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

The Board approved the appointment of CA Ajay Aggarwal, an existing regular employee of the company, as the interim CFO. His tenure is scheduled for a brief period of 11 days, effective from May 21, 2026, until May 31, 2026, which marks the date of his superannuation. This appointment fills the vacancy created by the cessation of CA Deepika Arora, who was relieved of her duties by the Board on May 20, 2026.

Following the interim period, the Board has appointed Mr. Tony Bansal as the permanent CFO of the company. Mr. Bansal, also an existing regular employee, will assume office effective June 1, 2026. He holds an MBA in Finance and brings previous work experience related to finance to the role.

Details of Appointments

The transition in the finance leadership involves specific timelines and profiles for the incoming and outgoing officers. The table below summarizes the key details regarding the change in the CFO position.

The company has communicated that these appointments are part of its routine management succession planning and compliance with regulatory disclosure requirements.