Presstonic September-half profit rises to Rs 1.27 crore

Presstonic Engineering Limited reported profit of Rs 1.27 crore for the half year ended 30 September 2026, compared with Rs 32.97 lakh a year earlier, as revenue from operations increased to Rs 36.76 crore from Rs 20.17 crore. Presstonic’s board approved the unaudited standalone results on 13 November 2026.

How did Presstonic perform in the September 2026 half year?

Presstonic increased revenue from operations by about 82% year on year to Rs 36.76 crore in the half year ended 30 September 2026, from Rs 20.17 crore in the half year ended 30 September 2025. Total income was Rs 36.85 crore, including other income of Rs 9.36 lakh, compared with total income of Rs 20.34 crore a year earlier.

Profit before tax rose to Rs 1.50 crore from Rs 44.06 lakh, while profit for the period increased to Rs 1.27 crore from Rs 32.97 lakh. The latest half included current tax of Rs 39.15 lakh and a deferred-tax credit of Rs 15.85 lakh. Basic and diluted earnings per share were Rs 1.65 each, compared with Rs 0.43 each in the prior-year half; Presstonic said half-yearly earnings per share are not annualised.

Revenue in the half year ended 30 September 2026 also exceeded Rs 20.33 crore reported in the half year ended 31 March 2026. However, profit for the period of Rs 1.27 crore was below Rs 2.27 crore in the March 2026 half, when profit before tax was Rs 2.73 crore, compared with Rs 1.50 crore in the latest period.

What changed in Presstonic’s costs and operating profit?

Presstonic’s total expenses increased to Rs 35.35 crore in the September 2026 half from Rs 19.90 crore a year earlier, alongside the higher revenue base. Material consumed was Rs 21.52 crore, compared with Rs 11.87 crore, while the company recorded a Rs 56.56 lakh reduction in inventories of work in progress and finished goods, against an increase of Rs 43.36 lakh in the prior-year half.

Employee benefit expenses were Rs 2.02 crore, up from Rs 1.36 crore, while finance costs rose to Rs 1.73 crore from Rs 1.35 crore. Depreciation and amortisation expenses reached Rs 1.80 crore, compared with Rs 96.57 lakh, and other expenses were Rs 8.85 crore versus Rs 3.92 crore in the September 2025 half.

In Presstonic’s segment reconciliation, operating profit was Rs 3.14 crore in the September 2026 half. That was above Rs 1.62 crore in the September 2025 half but below Rs 3.59 crore in the half year ended 31 March 2026. The reconciliation then recorded finance costs of Rs 1.73 crore and other income of Rs 9.36 lakh before profit before tax of Rs 1.50 crore.

Which Presstonic segments generated September-half revenue?

Presstonic’s Metro Rail Components segment was the largest disclosed business line, reporting Rs 22.41 crore of revenue in the September 2026 half, compared with Rs 9.72 crore a year earlier. General Fabrication Stainless Steel generated Rs 11.75 crore, up from Rs 40.85 lakh, while the Others segment contributed Rs 2.60 crore versus Rs 1.90 crore.

Metro Rail Components recorded segment profit of Rs 8.41 crore, compared with Rs 3.13 crore in the September 2025 half. General Fabrication Stainless Steel reported segment profit of Rs 4.41 crore against Rs 13.17 lakh, and Others reported Rs 97.43 lakh against Rs 61.15 lakh. Presstonic’s latest segment schedule did not report revenue or profit for Infrastructure Engineering Products, whereas it reported Rs 8.14 crore of revenue and Rs 2.62 crore of segment profit for that business in the half ended 31 March 2026.

Presstonic allocates costs among segments in proportion to their shares of total segment revenue because it does not separately maintain disaggregated segment-cost data. The company does not allocate assets and liabilities to individual segments, stating that they are used interchangeably and that meaningful segregation would be impractical.

How did Presstonic’s working capital and borrowings change?

Presstonic’s total assets and liabilities increased to Rs 92.26 crore at 30 September 2026 from Rs 75.18 crore at 31 March 2026. Trade receivables rose to Rs 32.11 crore from Rs 9.82 crore, while inventories increased to Rs 15.47 crore from Rs 14.91 crore. Cash and bank balances fell to Rs 1.76 crore from Rs 8.63 crore over the same period.

Short-term borrowings increased to Rs 22.17 crore at 30 September from Rs 8.90 crore at 31 March, while long-term borrowings declined to Rs 7.55 crore from Rs 8.02 crore. Trade payables due to micro and small enterprises rose to Rs 1.12 crore from Rs 5.03 lakh, and payables due to other parties increased to Rs 4.19 crore from Rs 2.42 crore.

Shareholders’ funds stood at Rs 55.09 crore at 30 September 2026, compared with Rs 53.82 crore at 31 March 2026. Reserves and surplus increased to Rs 39.85 crore from Rs 38.58 crore, while share capital was unchanged at Rs 15.24 crore on both balance-sheet dates.

What does Presstonic’s cash flow statement show?

Presstonic used Rs 8.25 crore in operating activities during the half year ended 30 September 2026, compared with cash generated from operations of Rs 2.75 crore in the corresponding 2025 half. The cash-flow statement recorded operating profit before working-capital changes of Rs 4.98 crore, compared with Rs 2.40 crore a year earlier, before movements in working-capital items and taxes.

The statement shows Rs 22.29 crore absorbed by trade receivables, loans and advances during the latest half. It also records Rs 2.84 crore generated from other current liabilities, while inventories used Rs 56.56 lakh. These movements coincided with the increase in balance-sheet trade receivables to Rs 32.11 crore at 30 September 2026.

Investing activities used Rs 9.69 crore in the latest half, compared with Rs 2.58 crore used in the prior-year half. Financing activities generated Rs 11.07 crore, compared with Rs 1.74 lakh in the corresponding 2025 half. Cash and cash equivalents were Rs 24.37 lakh at 30 September 2026, and Presstonic said that this measure excludes deposits held as margin money or security against borrowings and guarantees of Rs 1.52 crore.

How was Presstonic’s rights issue money used?

Presstonic received Rs 26.37 crore through its March 2026 rights issue after allotting 75,33,600 equity shares on 9 March 2026 at Rs 35 a share. The company had offered up to 77,07,480 shares on a 1:1 basis, and stated that the proceeds were received and accounted for in the half year and year ended 31 March 2026.

As of 30 September 2026, Presstonic reported that it had utilised the full Rs 26.37 crore of proceeds. The revised allocation, approved by the audit committee and board on 25 August 2026, comprised Rs 16.02 crore for working-capital requirements, Rs 6.50 crore for general corporate expenses, Rs 2.97 crore for prepayment of borrowings and Rs 87.17 lakh for issue-related expenses.

GRSM & Associates issued a practitioner’s certificate on the utilisation statement, concluding that it fairly presented the use of proceeds in accordance with the objects stated in the offer document and approvals where applicable. Separately, the statutory auditor issued an unmodified limited-review conclusion on Presstonic’s unaudited standalone results for the half year ended 30 September 2026.

Conclusion

Presstonic’s September 2026-half results show revenue rising to Rs 36.76 crore and profit increasing to Rs 1.27 crore, led by Metro Rail Components revenue of Rs 22.41 crore and General Fabrication Stainless Steel revenue of Rs 11.75 crore. The expansion was accompanied by higher expenses of Rs 35.35 crore and operating cash use of Rs 8.25 crore.

The key unresolved operating items to watch are the Rs 32.11 crore trade-receivables balance, Rs 22.17 crore of short-term borrowings and cash and bank balances of Rs 1.76 crore at 30 September 2026. Presstonic has also reported full utilisation of the Rs 26.37 crore rights-issue proceeds, including Rs 16.02 crore allocated to working-capital requirements.