Precision Electronics Reports Q1 Results: Revenue Surges 209% YoY Despite Net Loss
Precision Electronics announced Q1 financial results with revenue soaring 209% year-over-year to Rs. 2,226.35 crore. The company reported a net loss of Rs. 28.27 crore, an improvement from the previous year's loss. The Tactical Infrastructure segment showed strong growth, doubling revenue annually since FY2022-23. The company secured an order book of Rs. 56 crore and is expanding production capacity with a new facility in Haryana. Key appointments and reappointments were made to the Board and management team.