Prakash Industries Q2 FY26 – Weak Quarter with Broad-Based Decline

Prakash Industries reported a subdued September 2025 quarter, with declines across sales, operating profit, and earnings, impacted by softer demand and margin pressures. • Sales: ↓ 33% YoY to ₹723 crore (vs ₹1,077 crore in Sep 2024) • EBIDT: ↓ 18% YoY to ₹108 crore (vs ₹131 crore) • Net Profit: ↓ 32% YoY to ₹61.6 crore (vs ₹90.4 crore) • EPS: ↓ 32% YoY to ₹3.44 (vs ₹5.05) At a price of ₹147, market cap ₹2,634 crore, and PE 8.0, Prakash Industries faces challenges on both revenue growth and profitability, with earnings pressured by lower realizations and higher costs.