Precot Limited — Board Meeting, 23-05-2025: Outcome of Board Meeting

Precot Limited has announced a board meeting on approving its financial results for the quarter and financial year ended March 31, 2025. Consolidated revenue reached Rs.872.51 Cr with profit before tax turning positive at Rs.67.91 Cr, a significant turnaround from last year’s loss. Net profit after tax from continuing operations was Rs.51.77 Cr, offset by Rs.18.89 Cr loss from closing the spinning unit. The board declared a final dividend of Rs.3 per share. The leadership team including Ashwin Chandran and Prashanth Chandran were approved for reappointment, and KSR & Co. LLP appointed as secretarial auditors for five years.