NewsEarningsParmeshwar Metal Limited Reports Strong Half-Year Results, Confirms Proper Utilization of Public Issue ProceedsParmeshwar Metal Limited Reports Strong Half-Year Results, Confirms Proper Utilization of Public Issue Proceeds
Parmeshwar Metal Limited announced unaudited financial results for the half year ended September 30, 2025, with revenue from operations at INR 84,523.78 lakhs and profit at INR 904.68 lakhs. The company confirmed no deviation in the utilization of its INR 2,474.16 lakhs public issue proceeds. Funds were fully utilized for a new manufacturing facility in Gujarat, furnace renovation, working capital requirements, and general corporate purposes. INR 41.35 lakhs of unutilized funds from public issue expenses are held in scheduled commercial banks.
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Parmeshwar Metal Limited (Scrip Code: 544330) has announced its unaudited financial results for the half year ended September 30, 2025, showcasing robust performance and adherence to its public issue fund utilization plans.
Financial Highlights
The company reported impressive financial figures for the half-year period:
| Metric | Amount (INR in Lakhs) |
|---|---|
| Revenue from Operations | 84,523.78 |
| Profit | 904.68 |
These results demonstrate Parmeshwar Metal's strong market position and operational efficiency in the metal manufacturing sector.
Public Issue Fund Utilization
Parmeshwar Metal Limited has confirmed that there is no deviation in the utilization of proceeds from its public issue. The company raised a total of INR 2,474.16 lakhs through the public issue, with funds allocated for various purposes:
| Purpose | Allocation (INR in Lakhs) | Utilization (INR in Lakhs) |
|---|---|---|
| New Manufacturing Facility | 218.08 | 218.08 |
| Furnace Renovation | 186.67 | 186.67 |
| Working Capital Requirements | 1,392.17 | 1,392.17 |
| General Corporate Purpose | 402.22 | 402.22 |
| Public Issue Related Expenses | 275.02 | 233.67 |
The company reports that INR 41.35 lakhs of unutilized funds from public issue expenses are held in scheduled commercial banks.
Key Developments
New Manufacturing Facility
The company has fully utilized the allocated funds (INR 218.08 lakhs) for setting up a new manufacturing facility in Gandhinagar, Dehgam, Gujarat. This facility is dedicated to the production of bunched copper wire and 1.6 MM copper wire.
Furnace Renovation
Parmeshwar Metal has completed its planned furnace renovation, utilizing the entire allocated amount of INR 186.67 lakhs.
Working Capital Enhancement
The company has strengthened its working capital by utilizing INR 1,392.17 lakhs, as per the original allocation.
Corporate Governance
The Board of Directors meeting, held on November 14, 2025, approved these unaudited financial results. The company has adhered to SEBI regulations by promptly disclosing its financial performance and fund utilization status.
Parmeshwar Metal Limited's management, led by Managing Director Shantilal Shah, has demonstrated commitment to transparent financial reporting and efficient capital allocation. The absence of any deviations in fund utilization underscores the company's focus on executing its growth strategy as outlined during the public issue.
As the metal manufacturing sector continues to evolve, Parmeshwar Metal's strategic investments in new facilities and equipment upgrades position it well for future growth opportunities. Investors and stakeholders will likely keep a close watch on how these investments translate into long-term value creation for the company.
Historical Stock Returns for Parmeshwar Metal
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.40% | -0.59% | -0.61% | +3.14% | -24.37% | -24.37% |
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