Prakash Industries Limited — Board Meeting, 14-11-2024: Outcome of Board Meeting

Prakash Industries Limited has announced a board meeting where the Board of Directors approved the unaudited financial results for the quarter and half-year ended 30th September 2024. The numbers reflect a robust performance with net sales of ₹1,077 Cr for the quarter, up 21% year-on-year, and ₹2,244 Cr for the half-year, a growth of 18%. Operating profit for the quarter stands at ₹131 Cr, while profit after tax is reported at ₹90 Cr. Additionally, the government has granted a mining lease for the Bhaskarpara Commercial Coal Mine, expected to enhance operational stability and profitability.