Precision Metaliks Limited — Board Meeting, 24-05-2025: Outcome of Board Meeting

Precision Metaliks has announced a board meeting approving the financial results for the quarter and half-year. Revenue declined to Rs 127.13 Cr from Rs 195.79 Cr last year, while profit after tax dropped sharply to Rs 0.79 Cr from Rs 6.78 Cr, pressured by rising costs and finance charges. The company is partially utilizing Rs 32.16 Cr raised via a preferential issue for working capital. Operating cash flow turned negative at Rs 10.9 Cr, reflecting tight liquidity. No dividend or new appointments were declared.