Punjab Communications (BSE 500346)₹52.50+0.29%Telecom - Equipment & Accessories
In the Mar 2026 quarter (standalone), Punjab Communications reported sales of ₹6.99 Cr, up 42.4% from Mar 2025, and net profit of ₹0.29 Cr, down 79.3% year on year. For the year to Mar 2026, sales were ₹26.74 Cr and net profit ₹2.97 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.12 | 2.91 | 3.11 | 5.86 | 3.20 | 5.52 | 3.54 | 4.91 | 6.65 | 8.15 | 4.97 | 6.99 |
| Expenses | 5.47 | 5.12 | 5.56 | 7.91 | 6.22 | 8.50 | 5.76 | 6.01 | 8.97 | 7.79 | 8.02 | 9.35 |
| Operating Profit | −2.34 | −2.20 | −2.44 | −2.03 | −3.01 | −2.96 | −2.21 | −1.09 | −2.30 | 0.40 | −3.03 | −2.33 |
| OPM % | −74.4% | −75.1% | −77.9% | −34.4% | −93.5% | −53.3% | −62.0% | −22.0% | −34.3% | 4.8% | −60.5% | −33.1% |
| Other Income | −0.72 | 1.85 | 1.60 | 17.16 | 1.89 | 2.01 | 2.82 | 2.56 | 2.69 | 2.91 | 2.20 | 2.69 |
| Interest | 0.02 | 0.00 | 0.48 | 0.02 | 0.18 | 0.00 | 0.02 | 0.00 | 0.00 | 0.02 | 0.02 | 0.00 |
| Depreciation | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.08 | 0.07 |
| Profit before tax | −3.09 | −0.39 | −1.35 | 14.98 | −1.32 | −0.99 | 0.54 | 1.41 | 0.34 | 3.23 | −0.90 | 0.29 |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Exceptional items | −3.01 | 0.00 | 0.00 | 15.04 | 0.00 | 0.00 | 1.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | −3.09 | −0.39 | −1.35 | 14.96 | −1.33 | −0.99 | 0.54 | 1.40 | 0.34 | 3.22 | −0.90 | 0.29 |
| EPS (Rs) | −2.59 | −0.34 | −1.14 | 12.54 | −1.12 | −0.84 | 0.47 | 1.18 | 0.30 | 2.70 | −0.77 | 0.26 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 20.10 | 27.86 | 37.77 | 44.51 | 27.53 | 20.53 | 10.72 | 10.55 | 15.00 | 17.17 | 26.74 | 26.76 |
| Expenses | 39.26 | 42.78 | 50.90 | 55.96 | 47.55 | 40.58 | 31.60 | 27.10 | 24.17 | 26.43 | 34.12 | 34.13 |
| Operating Profit | −19.15 | −14.80 | −12.94 | −11.32 | −19.97 | −20.05 | −20.87 | −16.52 | −9.13 | −9.21 | −7.25 | −7.26 |
| OPM % | −94.7% | −52.8% | −34.1% | −25.3% | −72.2% | −97.2% | −193.4% | −155.6% | −60.5% | −53.4% | −27.0% | −27.1% |
| Other Income | 8.97 | 9.09 | 8.84 | 9.50 | 9.04 | 8.50 | 7.94 | 1.14 | 20.02 | 9.28 | 10.49 | 10.49 |
| Interest | 0.10 | 0.07 | 0.12 | 0.35 | 0.08 | 0.05 | 0.04 | 0.05 | 0.51 | 0.24 | 0.04 | 0.04 |
| Depreciation | 0.23 | 0.54 | 0.62 | 0.56 | 0.45 | 0.36 | 0.30 | 0.24 | 0.21 | 0.21 | 0.22 | 0.25 |
| Profit before tax | −10.44 | −6.27 | −4.82 | −2.70 | −11.40 | −11.86 | −13.17 | −15.56 | 10.12 | −0.37 | 2.97 | 2.96 |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | −5.5% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | −7.03 | 13.03 | 1.01 | 0.00 | 0.00 |
| Net Profit | −10.44 | −6.27 | −4.81 | −2.69 | −11.39 | −11.86 | −12.46 | −15.58 | 10.11 | −0.37 | 2.97 | 2.95 |
| EPS (Rs) | −8.76 | −5.25 | −4.03 | −2.26 | −9.55 | −9.93 | −10.43 | −13.03 | 8.48 | −0.33 | 2.49 | 2.49 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12.05 | 12.04 | 12.09 | 12.06 | 12.07 | 12.06 | 12.08 | 12.09 | 12.10 | 12.10 | 12.08 | 12.06 |
| Reserves | 81.93 | 71.46 | 65.33 | 61.44 | 58.53 | 46.17 | 35.10 | 22.38 | 6.60 | 16.80 | 16.51 | 18.39 |
| Borrowings | 0.00 | 0.00 | 0.51 | 1.89 | 0.00 | 0.40 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 42.36 | 52.38 | 57.87 | 57.63 | 76.96 | 75.90 | 76.46 | 76.85 | 74.37 | 67.17 | 66.34 | 58.21 |
| Total Liabilities | 136 | 136 | 136 | 133 | 148 | 135 | 124 | 111 | 93.07 | 96.07 | 94.93 | 88.66 |
| Fixed Assets | 4.18 | 5.64 | 5.64 | 5.64 | 5.30 | 4.96 | 4.62 | 4.11 | 3.88 | 3.70 | 3.89 | 4.15 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 7.01 | 7.01 | 7.01 | 7.00 | 7.01 | 7.01 | 7.01 | 7.01 | 0.00 | 0.00 | 0.00 |
| Other Assets | 132 | 123 | 123 | 120 | 135 | 123 | 112 | 100 | 82.18 | 92.37 | 91.04 | 84.51 |
| Inventories | 22.99 | 22.99 | 27.02 | 26.01 | 27.01 | 21.99 | 18.01 | 19.02 | 15.99 | 16.99 | 17.01 | 3.01 |
| Trade receivables | 17.04 | 14.02 | 15.02 | 19.04 | 28.03 | 24.05 | 18.02 | 10.02 | 10.01 | 11.01 | 10.01 | 13.01 |
| Cash & equivalents | 69.14 | 51.10 | 54.11 | 54.06 | 66.13 | 64.13 | 67.10 | 60.07 | 44.05 | 55.10 | 56.07 | 59.15 |
| Total Assets | 136 | 136 | 136 | 133 | 148 | 135 | 124 | 111 | 93.07 | 96.07 | 94.93 | 88.66 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | −16.57 | −0.87 | −12.04 | −13.84 | −4.94 | −10.35 | −4.79 | −15.12 | −23.00 | −1.22 | −9.40 | −6.70 |
| Cash from investing activity | 18.74 | 1.37 | 10.38 | 15.70 | 3.99 | 14.19 | 5.88 | 8.61 | 23.03 | 25.28 | −9.75 | 8.88 |
| Cash from financing activity | −1.15 | −0.08 | 0.46 | 1.30 | −2.22 | 0.34 | −0.43 | 3.89 | −0.05 | −4.41 | 0.00 | −0.04 |
| Net cash flow | 1.09 | 0.43 | −1.16 | 3.20 | −3.12 | 4.19 | 0.69 | −2.58 | 0.07 | 19.67 | −19.11 | 2.17 |
| Capex | 0.09 | 1.82 | 0.56 | 0.61 | 0.23 | 0.10 | 0.02 | 0.03 | 0.02 | 0.04 | 0.16 | 0.50 |
| Free cash flow | −16.60 | −2.66 | −12.42 | −14.36 | −5.14 | −10.39 | −4.77 | −15.08 | −22.90 | −1.22 | −9.51 | −7.16 |
| CFO / OP % | 91.1% | 6.0% | 88.1% | 111.0% | 44.1% | 52.1% | 24.1% | 73.1% | 139.0% | 13.0% | 102.0% | 82.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 293 | 262 | 202 | 183 | 228 | 322 | 324 | 355 | 353 | 259 | 206 | 181 |
| Inventory days | 724 | 724 | 698 | 481 | 407 | 539 | 630 | 2,114 | 1,269 | 1,039 | 738 | 115 |
| Days payable | 553 | 569 | 479 | 317 | 298 | 381 | 538 | 1,645 | 1,099 | 915 | 616 | 514 |
| Cash conversion cycle | 463 | 416 | 420 | 346 | 336 | 479 | 416 | 822 | 522 | 381 | 327 | −218 |
| Working capital days | 361 | 203 | 113 | 92 | 37 | −41 | −259 | −754 | −715 | −432 | −340 | −448 |
| ROCE % | −8.4% | −11.2% | −7.8% | −6.2% | −3.2% | −17.6% | −22.4% | −32.4% | −32.6% | −9.3% | −2.8% | 10.3% |
For the Mar 2026 quarter, Punjab Communications reported sales of ₹6.99 Cr, up 42.4% year on year and net profit of ₹0.29 Cr, down 79.3% year on year. The operating margin was −33.1%.
Punjab Communications' sales for the year to Mar 2026 were ₹26.74 Cr; over the last twelve months they were ₹26.76 Cr.
Net profit for the year to Mar 2026 was ₹2.97 Cr, and ₹2.95 Cr over the last twelve months. Earnings per share over the same trailing period were ₹2.49.
Punjab Communications reported borrowings of ₹0 Cr at Mar 2026, against cash and equivalents of ₹59.15 Cr.
Cash from operations was −₹6.70 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹7.16 Cr.