Prima Agro first-half profit rises to Rs 45.9 lakh as costs fall

Prima Agro Limited reported unaudited standalone net profit of Rs 45.9 lakh for the six months ended September 30, 2026, compared with Rs 2.2 lakh a year earlier, as total expenses declined to Rs 5.056 crore while total income increased to Rs 5.683 crore. Profit before tax reached Rs 62.7 lakh, against Rs 13.8 lakh.

How much profit did Prima Agro report in the first half?

Prima Agro reported profit after tax of Rs 45.9 lakh for the six months ended September 30, 2026, up from Rs 2.2 lakh in the six months ended September 30, 2025. Total comprehensive income was also Rs 45.9 lakh because the company reported no other comprehensive income in either half-year period. The latest result contrasts with a net loss of Rs 5.9 lakh for the year ended March 31, 2026.

Profit before tax increased by Rs 48.9 lakh to Rs 62.7 lakh from Rs 13.8 lakh a year earlier. Prima Agro reported no exceptional items in either period, meaning profit before tax was the same as profit before exceptional items and tax. Tax expense was Rs 16.8 lakh in the latest half year, compared with a tax credit of Rs 11.6 lakh in the prior-year period.

What changed in Prima Agro's revenue and expenses?

Prima Agro's revenue from operations increased by Rs 23.8 lakh year on year to Rs 5.497 crore in the six months ended September 30, 2026, from Rs 5.259 crore. Other income declined to Rs 18.6 lakh from Rs 20 lakh, leaving total income Rs 22.4 lakh higher at Rs 5.683 crore. The filing reported no investment income in either half-year period.

Total expenses fell by Rs 26.5 lakh to Rs 5.056 crore from Rs 5.321 crore, widening the difference between total income and costs. Employee benefits expense declined by Rs 18.6 lakh to Rs 1.819 crore, while administration and other expenses fell by Rs 6.8 lakh to Rs 1.694 crore. Those declines exceeded an Rs 11.8 lakh increase in power and fuel cost to Rs 1.207 crore.

Changes in inventories moved to a Rs 2.4 lakh reduction in expenses for the latest half year, compared with a Rs 10.5 lakh expense in the prior-year period. Depreciation and amortisation expense remained Rs 36 lakh in both periods, and finance costs were nil in both reported half years. The inventory line covers finished goods, work in progress and stock in trade.

How did Prima Agro perform in the September quarter?

Prima Agro reported September-quarter profit after tax of Rs 27.4 lakh, compared with Rs 18.5 lakh in the June 2026 quarter and Rs 33.3 lakh in the September 2025 quarter. Revenue from operations for the three months ended September 30, 2026 was Rs 2.759 crore, compared with Rs 2.738 crore in the preceding quarter and Rs 2.66 crore a year earlier.

Total income was nearly unchanged sequentially at Rs 2.842 crore, against Rs 2.841 crore in June 2026, as other income fell to Rs 8.3 lakh from Rs 10.3 lakh. Total expenses decreased to Rs 2.468 crore from Rs 2.588 crore sequentially. As a result, profit before tax rose to Rs 37.4 lakh from Rs 25.3 lakh in the June quarter.

Against the September 2025 quarter, profit before tax declined from Rs 44.9 lakh to Rs 37.4 lakh despite the rise in revenue. Employee benefits expense rose by Rs 15 lakh to Rs 1.06 crore, and administration and other expenses increased by Rs 9 lakh to Rs 81.6 lakh. The September 2026 quarter had tax expense of Rs 10 lakh, whereas the comparable quarter had a Rs 11.6 lakh tax credit.

What do earnings per share and cash flow show?

Prima Agro reported basic and diluted earnings per share, or EPS, after tax of Rs 0.88 for the six months ended September 30, 2026, compared with Rs 0.04 a year earlier. The company calculated EPS before providing for preference dividend. Paid-up equity share capital was Rs 51.95 lakh in both half-year periods, and each equity share had a face value of Rs 10.

Standalone net cash from operating activities was Rs 1.026 crore in the half year ended September 30, 2026, down from Rs 2.012 crore in the prior-year period. Cash generated from operations was Rs 1.226 crore before net income-tax advance paid of Rs 20 lakh. The cash-flow statement was prepared using the indirect method under Indian Accounting Standard 7, or Ind AS 7.

Cash flow from investing activities was an inflow of Rs 52.9 lakh, compared with an outflow of Rs 2.578 crore a year earlier. The latest period included Rs 74.1 lakh from other non-current assets and Rs 40 lakh from additions or repayments in investments, partly offset by Rs 18.7 lakh in advances given and Rs 42.6 lakh in other non-current liabilities. Financing activities used Rs 1.132 crore, including Rs 70.4 lakh of borrowing repayments and Rs 47.3 lakh of advance repayments.

Were Prima Agro's results reviewed and approved?

Prima Agro's Audit Committee and Board of Directors reviewed and approved the unaudited results on November 12, 2026. The results were prepared under Indian Accounting Standards, or Ind AS, notified under the Companies (Indian Accounting Standards) Rules, 2015, as specified under Section 133 of the Companies Act, 2013.

Grandmark & Associates conducted a limited review of the standalone results for the quarter and six months ended September 30, 2026. The auditor said nothing had come to its attention that caused it to believe the unaudited standalone statement failed to disclose required information or contained a material misstatement. It also stated that a review provides less assurance than an audit and did not express an audit opinion.

What management changes did Prima Agro disclose?

Prima Agro appointed Swati Gupta as Chairperson and Managing Director for five consecutive years beginning November 12, 2026, subject to shareholder approval. The appointment followed the death of former Chairman and Managing Director S. K. Gupta on October 13, 2026. The filing states that Swati Gupta has more than 20 years of experience in the agro-based flour-milling industry.

The company also appointed Krishnakumar M. K. as Chief Financial Officer with effect from November 12, 2026, following Swati Gupta's resignation as Chief Financial Officer. Krishnakumar M. K. is a commerce graduate with approximately 30 years of professional experience, according to the disclosure. The company said he is not related to any of its directors.

Conclusion

Prima Agro's first-half result moved from Rs 2.2 lakh of net profit in the six months ended September 2025 to Rs 45.9 lakh in the latest period. Revenue increased by Rs 23.8 lakh, while total expenses decreased by Rs 26.5 lakh, lifting profit before tax to Rs 62.7 lakh without exceptional items.

The next disclosed governance matter is shareholder approval of Swati Gupta's five-year appointment as Chairperson and Managing Director, which commenced on November 12, 2026 subject to that approval. The filing provides no earnings guidance, revenue target or future operating plan.