Prashant India Ltd Reports Narrowed Net Loss in Q1, Revenue Rises
Prashant India Ltd, a textile and wind farm operator, reported improved Q1 financial results. Net loss reduced to Rs 6.81 lakh from Rs 10.87 lakh year-over-year, a 37.35% improvement. Total income increased by 31.58% to Rs 7.00 lakh. The textile segment generated Rs 5.12 lakh in revenue, while the wind farm segment contributed Rs 0.86 lakh. Total expenses decreased to Rs 13.81 lakh. Cash and cash equivalents stood at Rs 106.20 lakh. EPS improved to -Rs 0.16 from -Rs 0.26 in the previous year.
24Jul 25
Prashant India Ltd Sells Wind Power Division Assets for ₹85 Lakhs
Prashant India Ltd has agreed to sell used windmill equipment and scrap from its Wind Power Division in Dhank, Rajkot to Arbuda Metal Industry for ₹85 lakhs plus taxes. The sale agreement was signed on July 24, 2025, with completion expected within 30 days. The Wind Power Division contributed ₹11,44,880 to the company's turnover in the previous fiscal year. This divestment, approved by shareholders on September 27, 2023, represents the entire turnover from the division and may indicate a strategic shift for the company.
24Jul 25
Prashant India Ltd to Sell Wind Power Division Assets for ₹85 Lakhs
Prashant India Ltd has agreed to sell used windmill equipment and scrap from its Wind Power Division in Dhank, Rajkot, to M/s. Arbuda Metal Industry for ₹85.00 lakhs plus taxes. The agreement, dated July 24, 2025, is expected to complete within 30 days. The Wind Power Division contributed ₹11,44,880 in turnover and had a net worth of ₹92,67,579 in the last financial year. The sale was authorized by shareholders and complies with the Companies Act, 2013.