Piccadily Agro Industries Ltd — Important, 20-05-2026: Company Update

API Holdings' CEO aims for an IPO once the company achieves profitability and becomes debt-free. The company has already reduced its debt significantly from ₹1,800 Cr to ₹1,050 Cr. Meanwhile, its listed group company, Thyrocare Technologies, delivered strong Q4 FY26 results. Thyrocare reported a 20% year-on-year rise in consolidated revenue to ₹223.95 Cr, EBITDA grew 31% to ₹75.09 Cr, and net profit surged 128% to ₹48.70 Cr. API Holdings, however, is still navigating an EBITDA loss and managing its remaining debt.