Precision Electronics Limited (PEL), a player in the Aerospace & Defence segment, has announced its financial results for the quarter ended September 30, 2025, along with significant changes in its board composition and a substantial order book acquisition.

Financial Performance

PEL reported a net loss of Rs 140.42 lakhs for the quarter ended September 30, 2025, compared to a loss of Rs 117.05 lakhs in the corresponding quarter of the previous year. The company's revenue from operations for the quarter stood at Rs 1,555.32 lakhs.

For the half-year ended September 30, 2025, PEL's financial highlights are as follows:

The company's total assets as of September 30, 2025, stood at Rs 9,679.25 lakhs, compared to Rs 7,712.30 lakhs as of March 31, 2025.

Board Changes

The Board of Directors has approved the appointment of Mr. Amitbir Singh Banga as an Additional Director (Non-Executive, Non-Independent) effective November 11, 2025. Mr. Banga, aged 32, brings over a decade of experience in the automotive industry. He holds a Post Graduate Diploma in Management from Annamalai University and a Postgraduate Degree in Financial Management from Arizona State University's W.P. Carey School of Business.

Simultaneously, the Board accepted the resignation of Mr. Harbir Singh Banga from his position as Director (Non-Executive & Non-Independent), effective November 11, 2025. Mr. Harbir Singh Banga cited personal reasons and professional commitments for his departure.

New Order Acquisition

Precision Electronics has secured orders worth Rs 50 crore from local and global customers in the Aerospace & Defence segment. Of this, Rs 47 crore is scheduled for execution during the current financial year 2025-26, with the remaining Rs 3 crore slated for FY 2026-27. The company has not disclosed specific customer names due to confidentiality clauses and commercial sensitivity.

Cash Flow and Liquidity

The cash flow statement for the half-year ended September 30, 2025, reveals:

• Net cash used in operating activities: Rs 25.65 lakhs
• Net cash used in investing activities: Rs 298.58 lakhs
• Net cash from financing activities: Rs 318.91 lakhs

The company's cash and cash equivalents at the end of the period stood at Rs 17.47 lakhs.

These developments come at a crucial time for Precision Electronics as it navigates challenging market conditions while positioning itself for growth in the Aerospace & Defence sector. The new board appointment and significant order book may signal a strategic shift as the company aims to improve its financial performance in the coming quarters.

Precision Electronics Limited (PEL) has announced a significant development in its business operations, securing a new order worth approximately Rs 60.00 lakh from a domestic customer in the Aerospace Defense segment. This order marks a positive step for the company in strengthening its position in the defense sector.

Order Details

Key Points

• Confidentiality: Due to confidentiality clauses and commercial sensitivity, the customer's name has not been disclosed.
• Specifications: The company will supply the Mast with accessories according to the customer's specific requirements.
• Execution Timeline: Delivery is scheduled to be completed within the current financial year.
• Regulatory Compliance: The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Business Implications

This order is significant for Precision Electronics Limited as it demonstrates the company's capability to secure contracts in the strategic Aerospace Defense sector. The domestic nature of the order aligns with the government's push for 'Make in India' in defense manufacturing.

Corporate Governance

PEL has confirmed that this contract does not involve any promoter group interest or related party transactions, ensuring transparency in its business dealings. The company's prompt disclosure of this information to the stock exchange underscores its commitment to regulatory compliance and shareholder communication.

As the Aerospace Defense sector continues to grow in India, such orders could potentially pave the way for more significant opportunities for companies like Precision Electronics Limited in the future. However, it's important to note that this is a single order, and its long-term impact on the company's financials would depend on the company's ability to secure more such contracts consistently.