| Scrip code | 539883 |
|---|---|
| NSE Symbol | PILANIINVS |
| MSEI Symbol | NOTLISTED |
| ISIN | INE417C01014 |
| Name of company | PILANI INVESTMENT AND INDUSTRIES CORPORATION LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 07-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 29-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Single segment |
| Description of single segment | NON BANKING FINANCE COMPANY |
| Start date and time of board meeting | 07-02-2026 16:00:00 |
| End date and time of board meeting | 07-02-2026 16:30:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | |||
| (i) | Interest Income | 5,821.07 | 15,972.67 |
| (ii) | Dividend Income | 7.74 | 7,612.28 |
| (iii) | Rental Income | 29.33 | 87.96 |
| (iv) | Fees and commission Income | 0.00 | 0.00 |
| (v) | Net gain on fair value changes | 27.87 | 107.86 |
| (vi) | Net gain on derecognition of financial instruments under amortised cost category | 0.00 | 0.00 |
| (vii) | Sale of products (including Excise Duty) | 63.57 | 63.57 |
| (viii) | Sale of services | 0.00 | 0.00 |
| (ix) | Other revenue from operations | ||
| 1 | Other | 10.74 | 32.23 |
| Total other revenue from operations | 10.74 | 32.23 | |
| Total Revenue From Operations | 5,960.32 | 23,876.57 | |
| Other income | 26.58 | 26.58 | |
| Total income | 5,986.90 | 23,903.15 | |
| 2 | Expenses | ||
| Cost of materials consumed | 0.00 | 0.00 | |
| Purchases of stock-in-trade | 62.60 | 62.60 | |
| Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 | |
| Employee benefit expense | 204.57 | 528.64 | |
| Finance costs | 4,216.11 | 12,095.38 | |
| Depreciation, depletion and amortisation expense | 8.08 | 24.08 | |
| Fees and commission expense | 0.00 | 0.00 | |
| Net loss on fair value changes | 0.00 | 0.00 | |
| Net loss on derecognition of financial instruments under amortised cost category | 0.00 | 1,615.11 | |
| Impairment on financial instruments | 0.00 | 0.00 | |
| (f) | Other expenses | ||
| 1 | Building Maintenance and Service Charge | 37.33 | 102.60 |
| 2 | Others | 128.48 | 603.12 |
| Total other expenses | 165.81 | 705.72 | |
| Total expenses | 4,657.17 | 15,031.53 | |
| 3 | Total profit before exceptional items and tax | 1,329.73 | 8,871.62 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | 1,329.73 | 8,871.62 |
| 7 | Tax expense | ||
| 8 | Current tax | 354.40 | 2,461.72 |
| 9 | Deferred tax | (10.38) | (12.66) |
| 10 | Total tax expenses | 344.02 | 2,449.06 |
| 11 | Net Profit Loss for the period from continuing operations | 985.71 | 6,422.56 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 17 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 14 | Share of profit (loss) of associates and joint ventures accounted for using equity method | (2,424.95) | (3,792.32) |
| 15 | Total profit (loss) for period | (1,439.24) | 2,630.24 |
| 16 | Other comprehensive income net of taxes | 57,177.16 | 1,55,909.30 |
| 17 | Total Comprehensive Income for the period | 55,737.92 | 1,58,539.54 |
| 18 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 19 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 20 | Details of equity share capital | ||
| Paid-up equity share capital | 1,107.23 | 1,107.23 | |
| Face value of equity share capital | 10 | 10 | |
| 21 | Reserves excluding revaluation reserve | ||
| 22 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings per share from continuing operations | -13 | 23.76 | |
| Diluted earnings per share from continuing operations | -13 | 23.76 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings per share from discontinued operations | 0 | 0 | |
| Diluted earnings per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings per share | -13 | 23.76 | |
| Diluted earnings per share | -13 | 23.76 | |
| 23 | Debt equity ratio | 0.1500 | 0.1500 |
| 24 | Debt service coverage ratio | 0.0 | 0.0 |
| 25 | Interest service coverage ratio | 0.0 | 0.0 |
| 26 | Disclosure of notes on financial results | Textual Information(1) | |
| 23 | Debt equity ratio | |
|---|---|---|
| 24 | Debt service coverage ratio | |
| 25 | Interest service coverage ratio |
| Textual Information(1) | 1. These consolidated financial results of Pilani Investment and Industries Corporation Limited (the Parent Company) have been prepared in accordance with the recognition and measurement principles of Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and pursuant to the provisions of Regulation 33 and 52 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended. 2. The Consolidated Financial Results include the results of the Parent Company and its two subsidiaries (together referred to as the Group) and an Associate Company. 3. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Parent Company, at their respective Meetings held on 7th February, 2026. The Joint Statutory Auditors of the Parent Company have carried out limited review of the aforesaid results. 4. The main business of the Group is investment and financing activities in India and accordingly there are no separate reportable segments as per IND AS 108 Operating Segments. 5. Additional information pursuant to Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended for the quarter and nine months ended 31st December, 2025. (consolidated): a. SL. No Particulars Quarter Ended Nine Months Ended Year Ended 31-Dec-25 30-Sep-25 31-Dec-24 31-Dec-25 31-Dec-24 31-Mar-25 (a) Debt-Equity Ratio (In times) Debt/Net Worth [Debt is Long Term Borrowing (current and non-current portion), Short Term Borrowing and Lease Liabilities] 0.15 0.13 0.06 0.15 0.06 0.12 (b) Debt Service Coverage Ratio (In times) Earnings before Interest, Depreciation and Tax (EBITA) / Interest Expense on long term & short term borrowings, including lease liabilities for the period + Scheduled Principal repayment of long term borrowings, including lease liabilities during the period N. A (c) Interest Service Coverage Ratio Earnings before Interest and Tax (EBIT) / Interest Expense for the period N. A (d) 1Outstanding redeemable preference shares (quantity) N I L N I L N I L N I L N I L N I L (d) 2 Outstanding redeemable preference shares (value) N I L N I L N I L N I L N I L N I L (e) Capital redemption reserve (Rs. in Lakhs) N I L N I L N I L N I L N I L N I L (f) Debenture redemption reserve (Rs. in Lakhs) N I L N I L N I L N I L N I L N I L (g) Net Worth (Rs, in Lakhs) 1754966.83 1699228.89 1569210.85 1754966.83 1569210.85 1598008.67 (h) Net Profit after tax from continuing & discontinued operations (Rs. in Lakhs) (1,439.24) 4,471.47 1336.61 2630.24 12357.22 9848.28 (i) Basic & diluted earnings per share - Continuing operations(13.00) 40.38 12.07 23.76 111.61 88.95 (j) Basic & diluted earnings per share - Discontinued operations - - - - - - (k) Current Ratio (In times) Current Assets / Current Liabilities 0.82 1.05 2.44 0.82 2.44 1.00 (l) Long term debt to Working Capital (In times) Long Term Borrowings (incl.Current Maturities and Lease Liabilities) / (Current Assets-Current Liabilities) - - - - - - (m) Bad debts to Accounts Receivable ratio (%) (not annualized) Bad debts / Average Accounts Receivable - - - - - - (n) Current Liability Ratio (In times) Current Liabilities / Total Liabilities 0.63 0.59 0.44 0.63 0.44 0.58 (o) Total Debts to Total Assets (In times) (Long term Borrowings + Short Term Borrowings + Current Maturities of Long Term Borrowings + Lease Liabilities) / Total Assets 0.09 0.11 0.05 0.09 0.05 0.10 (p) Debtors turnover (in times) (not annualized) Revenue / Average Accounts Receivable 219.29 354.97 210.09 586.37 730.69 662.45 (q) Inventory turnover (in times) (not annualized) Cost of goods sold / Average Inventory (excluding Real Estate Inventory) N. A (r) Operating margin (%) Operating Profit / Revenue 22.31% 53.53% 60.94% 37.16% 73.37% 67.68% (s) Net profit Margin (%) Net Profit / Revenue (24.15%) 34.54% 21.93% 11.02% 50.33% 32.59% (t) Sector specific ratio N I L N I L N I L N I L N I L N I L i Gross NPA N I L N I L N I L N I L N I L N I L ii Net NPA N I L N I L N I L N I L N I L N I L iii Provision coverage ratio 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% |
|---|
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| Whether results are audited or unaudited | Unaudited | Unaudited | |
| Nature of report standalone or consolidated | Consolidated | Consolidated | |
| 1 | Segment Revenue (Income) | ||
| (net sale/income from each segment should be disclosed) | |||
| Total Segment Revenue | |||
| Less: Inter segment revenue | |||
| Revenue from operations | |||
| 2 | Segment Result | ||
| Profit (+) / Loss (-) before tax and interest from each segment | |||
| Total Profit before tax | |||
| i. Finance cost | |||
| ii. Other Unallocable Expenditure net off Unallocable income | |||
| Profit before tax | |||
| 3 | (Segment Asset - Segment Liabilities) | ||
| Segment Asset | |||
| Total Segment Asset | |||
| Un-allocable Assets | |||
| Net Segment Asset | |||
| 4 | Segment Liabilities | ||
| Segment Liabilities | |||
| Total Segment Liabilities | |||
| Un-allocable Liabilities | |||
| Net Segment Liabilities | |||
| Disclosure of notes on segments | Textual Information(1) | ||
| Textual Information(1) | b. The details of Commercial Paper (CP) repayment and outstanding: ISIN Due date of Payment Actual date of Payment* Rs. In Lakhs INE417C14AA7 15.10.2025 15.10.2025 20000 INE417C14892 16.10.2025 16.10.2025 7500 INE417C14AB5 21.11.2025 21.11.2025 10000 INE417C14AC3 11.12.2025 11.12.2025 20000 INE417C14AD1 12.12.2025 12.12.2025 35000 INE417C14AD1 12.12.2025 12.12.2025 10000 INE417C14AE9 15.12.2025 15.12.2025 10000 INE417C14850 21.01.2026 Not due as on 31.12.2025 5000 INE417C14868 06.02.2026 Not due as on 31.12.2025 7500 INE417C14868 06.02.2026 Not due as on 31.12.2025 7500 INE417C14868 06.02.2026 Not due as on 31.12.2025 2500 INE417C14868 06.02.2026 Not due as on 31.12.2025 7500 INE417C14868 06.02.2026 Not due as on 31.12.2025 2500 INE417C14AF6 20-02-2026 Not due as on 31.12.2025 10000 INE417C14AF6 20-02-2026 Not due as on 31.12.2025 5000 INE417C14AG4 25-02-2026 Not due as on 31.12.2025 25000 INE417C14AH2 11-03-2026 Not due as on 31.12.2025 20000 INE417C14AH2 11-03-2026 Not due as on 31.12.2025 27500 INE417C14934 12-03-2026 Not due as on 31.12.2025 5000 INE417C14AI0 13-03-2026 Not due as on 31.12.2025 12500 INE417C14AI0 13-03-2026 Not due as on 31.12.2025 25000 INE417C14AI0 13-03-2026 Not due as on 31.12.2025 12500 INE417C14AJ8 16-03-2026 Not due as on 31.12.2025 10000 INE417C14AJ8 16-03-2026 Not due as on 31.12.2025 10000 * Since the interest (discount) on CPs is prepaid at the time of issue of respective CPs, the due date of payment of interest (discount) and actual date of payment of interest (discount) are not applicable. c. Name of the Credit Rating Agency Rating (Short Term) Rating (Long Term) CARE CARE A1+ - CRISIL CRISIL A1+ CRISIL AA+/STABLE 6 On November 21,2025, the Government of India notified the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively, the Labour Codes), consolidating 29 existing labour laws. The Ministry of Labour & Employment has published draft Central Rules and FAQs to facilitate assessment of the financial impact arising from changes in the regulatory framework. The management has assessed the incremental impact of the Labour Codes on the employee benefit plans, based on the information available as on date, in a manner consistent with the guidance issued by the Institute of Chartered Accountants of India (ICAI). Based on the preliminary assessment, the Parent Company has estimated and recognized an additional liability of Rs.31.78 lakhs towards past service cost in respect of employee benefit plans, which is included under Employee Benefits Expense during the quarter and nine months ended December 31, 2025. The incremental impact primarily arises from changes in the definition of wages. The Parent Company continues to monitor the finalisation of Central and State Rules and clarifications from the Government in relation to other aspects of the Labour Codes and will provide appropriate accounting treatment on the basis of such developments as needed. 7 Previous period figures have been regrouped/reclassified wherever necessary to make them comparable with those of current period. |
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| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Items that will not be reclassified to profit and loss | 6215976000 | 17687706000 |
| Total Amount of items that will not be reclassified to profit and loss | 6215976000 | 17687706000 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 4,982.60 | 20,967.76 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 57,177.16 | 1,55,909.30 |