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Precot Appoints Sathish Kuruppath as CFO Effective March 31, 2026
Precot Limited has appointed Mr. Sathish Kuruppath as its Chief Financial Officer, effective March 31, 2026. Mr. Kuruppath is a Chartered Accountant with over 30 years of experience in managing finance, audit, and commercial operations for large multinationals. He currently serves as the CFO of LuLu Group International's India operations, bringing significant corporate governance experience to Precot. This appointment follows the recommendation of the Nomination and Remuneration Committee and approval by the Audit Committee.
Key Highlights
Appointment of Mr. Sathish Kuruppath as CFO effective March 31, 2026
Appointee brings over 30 years of experience in financial strategy and P&L oversight
Currently serves as CFO for LuLu Group International (India Operations)
Expertise spans across large corporate and multinational organizational structures
💼 Action for Investors
Investors should view this as a positive step towards strengthening financial leadership with an experienced professional. No immediate action is required as the transition is scheduled for 2026.
Precot Q3 FY26 Net Profit Declines 37% YoY to ₹5.78 Crore; Revenue Flat at ₹200 Crore
Precot Limited reported a significant 37.4% year-on-year decline in net profit to ₹5.78 crore for the quarter ended December 31, 2025. Revenue from operations remained relatively flat at ₹200.50 crore compared to ₹203.88 crore in the same quarter last year. Profitability was pressured by a sharp increase in depreciation expenses and a ₹4.81 crore restatement loss on foreign currency borrowings during the nine-month period. The company also completed the appointment of Mr. M Achuth Menon as the new Company Secretary and Compliance Officer.
Key Highlights
Revenue from operations stood at ₹20,049.94 lakhs, down marginally from ₹20,388.42 lakhs YoY.
Net Profit for the quarter fell to ₹577.69 lakhs compared to ₹923.32 lakhs in the previous year's corresponding quarter.
Earnings Per Share (EPS) for the quarter decreased to ₹4.81 from ₹7.69 YoY.
Recognized a restatement loss of ₹481.03 lakhs on foreign-currency borrowings during the nine-month period ended Dec 2025.
The Hindupur spinning unit remains classified as a discontinued operation following its closure in February 2025 due to unsustainable losses.
💼 Action for Investors
Investors should exercise caution as the company faces significant margin pressure despite stable revenues. Monitor the efficiency gains from the closure of the loss-making Hindupur unit in upcoming quarters.
Precot Q3 FY26 Net Profit Declines 37.4% YoY to ₹5.78 Crore; Revenue Remains Flat
Precot Limited reported a significant decline in profitability for the quarter ended December 31, 2025, with net profit falling to ₹5.78 crore from ₹9.23 crore in the same period last year. Revenue from operations remained stagnant at ₹200.50 crore compared to ₹203.88 crore YoY. The company's bottom line was pressured by a restatement loss of ₹4.81 crore on foreign currency borrowings and higher depreciation costs. Additionally, the company is still processing the impact of discontinuing its Hindupur spinning unit to curb long-term losses.
Key Highlights
Net Profit for Q3 FY26 dropped 37.4% YoY to ₹5.78 crore versus ₹9.23 crore in Q3 FY25.
Revenue from operations stood at ₹200.50 crore, showing a marginal decline of 1.6% YoY.
Earnings Per Share (EPS) for the quarter decreased to ₹4.81 from ₹7.69 in the previous year's corresponding quarter.
Recognized a restatement loss of ₹481.03 lakhs on foreign currency borrowings during the nine-month period ended December 2025.
Appointed Mr. M Achuth Menon as Company Secretary and Compliance Officer effective January 1, 2026.
💼 Action for Investors
Investors should exercise caution as the company faces margin pressure and a significant drop in net profit despite stable revenues. Monitor the management's strategy regarding the discontinued operations and the impact of currency fluctuations on their debt.
Precot Limited CFO M.K. Ravindra Kumar Resigns Effective December 31, 2025
Precot Limited has announced the resignation of Mr. M.K. Ravindra Kumar from the position of Chief Financial Officer (CFO). The resignation is effective from the close of business hours on December 31, 2025. The company cited personal reasons for his departure from this Key Managerial Personnel (KMP) role. Investors should monitor the company's progress in appointing a successor to ensure financial leadership continuity.
Key Highlights
Mr. M.K. Ravindra Kumar resigned as CFO and Key Managerial Personnel of Precot Limited.
The resignation became effective at the close of business hours on December 31, 2025.
The official reason provided for the resignation is personal reasons.
The company is now tasked with identifying a new CFO to oversee its financial strategy and reporting.
💼 Action for Investors
Investors should watch for the announcement of a new CFO to ensure a smooth transition and maintain confidence in the company's financial management.