# Prime Industries Q2 Net Profit Rises 4% to ₹66.19 Million as Revenue Falls 32%

> Prime Industries posted ₹66.19 million net profit for Q2FY27 even as revenue fell 32% to ₹249.85 million and cash reserves dropped to ₹1.44 million.

- Published: 2026-11-05T13:46:14+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-05/prime-industries-q2-profit-revenue-fall
- Source: [ScanX](https://scanx.trade/stock-market-news/companies/prime-industries-q2fy27-results-net-profit-jumps-121-yoy-66-million/55430143)

## Key takeaways

- Prime Industries reported consolidated net profit of ₹66.19 million for Q2FY27, up from ₹63.66 million a year earlier.
- Revenue from operations fell 32% to ₹249.85 million as manufacturing sales declined.
- Cash and cash equivalents dropped to ₹1.44 million from ₹406.36 million at March 31, 2026.

Prime Industries reported a consolidated net profit of ₹66.19 million for the quarter ended September 30, 2026, up from ₹63.66 million a year earlier, while revenue from operations fell 32% to ₹249.85 million. [ScanX](https://scanx.trade/stock-market-news/companies/prime-industries-q2fy27-results-net-profit-jumps-121-yoy-66-million/55430143) said the board approved the unaudited standalone and consolidated results on November 5, 2026.

## Prime Industries' Profit Growth and Revenue Decline

The company's revenue from operations stood at ₹249.85 million for Q2FY27, compared with ₹366.75 million in Q2FY26. The Manufacturing segment contributed the full ₹249.85 million, while the Investment/Trading segment recorded no revenue this quarter. Total income was ₹255.81 million, down from ₹372.25 million a year earlier.

Profit before tax rose to ₹91.98 million from ₹65.31 million, and tax expense increased to ₹25.79 million from ₹1.65 million. Segment results for Manufacturing rose to ₹86.79 million from ₹62.03 million, and the Investment/Trading segment contributed ₹5.19 million to segment results. Cost of materials consumed decreased to ₹146.69 million from ₹293.78 million.

Consolidated profit for the half year reached ₹76.86 million against ₹66.44 million in H1FY26. Cash and cash equivalents fell to ₹1.44 million as of September 30, 2026, from ₹406.36 million at March 31, 2026, driven by negative operating cash flows of ₹141.28 million and a net financing outflow of ₹263.48 million. Trade receivables increased to ₹597.90 million from ₹370.18 million, while current borrowings reduced to ₹460.71 million from ₹730.80 million.

## Leadership Changes Before the Results

Prime Industries' board approved the resignation of Whole Time Director Rama Nand Gupta and redesignated Managing Director Rajinder Kumar Singhania as a Non-Executive Director, effective August 22, 2026, ScanX reported. M/s. Bhushan Aggarwal & Co. Resigned as statutory auditor effective August 11, 2026, citing professional pre-occupation, and confirmed that no material concerns or audit limitations influenced the decision, ScanX reported. Race Eco Chain Limited sold its 0.99% stake in Prime Industries for ₹88,53,600, with settlement completed on July 1, 2026, ScanX reported.

## Sanjiv Malik's Managing Director Term

Shareholders at the 34th Annual General Meeting on October 19, 2026 ratified the appointment of Sanjiv Malik as Managing Director for three years, from September 8, 2026, to September 7, 2029, ScanX reported. The meeting also approved a preferential issue of up to 27,30,000 equity shares to non-promoters and an increase in authorised share capital from ₹35 crore to ₹40 crore.

## Companies in this story

- Prime Industries · website: https://www.primeindustrieslimited.com

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