Precot Limited — Board Meeting, 13-08-2025: Outcome of Board Meeting

Precot's board met and approved its consolidated financial results for Q1 FY26. The company reported revenue from operations of ₹198.13 Cr and a profit of ₹9.40 Cr for the quarter. A key strategic decision involves discontinuing operations at its Hindupur spinning unit due to persistent losses, aiming to improve overall profitability. The quarter's results also include a ₹4.23 Cr restatement loss on a foreign currency term loan. This move reflects a focus on streamlining operations.