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

Prakash Industries has announced a board meeting approving the financial results for the quarter and half-year. Net sales rose 9% to ₹4,014 Cr, with operating profit climbing 5% to ₹520 Cr. Profit after tax increased slightly to ₹355 Cr, excluding last year’s one-time asset sale gain. Sales volume hit a record 9.78 lakh MT, up 14%. The board proposed a dividend of ₹1.50 per share. Coal extraction at Bhaskarpara mine has started, aiming to cut costs and lift steel production beyond 1 million tonnes in FY26. Sanjay Jain was reappointed Whole-time Director for three years.