reported ₹164 crore PAT in Q1 FY26 on ₹725 crore in sales—up sharply from ₹49 crore (excluding tax refunds) in Q1 last year. With finance costs rising to ₹41.6 crore post-moratorium, the company still managed to reduce bank debt to ₹1,440 crore after repaying ₹2,340 crore since FY25. It has raised ₹1,417 crore via convertible warrants, with ₹1,285 crore pending. The Board has approved plans to raise an additional ₹500 crore. PCJ targets becoming debt-free by FY26.

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