Prakash Industries Limited — Updates, 23-05-2025: Press Release

Prakash Industries has announced a board meeting on its financial results for the quarter and half-year. FY2025 net sales rose 9% to ₹4014 Cr, with operating profit up 5% at ₹520 Cr. PAT stood at ₹355 Cr, slightly above last year’s ₹348 Cr (including ₹37 Cr from asset sales). Steel sales hit a record 9.78 lakh MT, up 14%. Coal production began at Bhaskarpara mine, yielding 76,351 MT, aiming for 1 million MT next year to reduce costs and push steel output beyond 1 million MT in FY2026. Dividend set at 15%.