ImportantUpdates
Pritish Nandy Communications posted robust quarterly results, with consolidated revenue reaching ₹21.19 Cr, a substantial increase from ₹7.79 Cr last quarter and ₹19.05 Cr year-on-year.
Pritish Nandy Communications LimitedPNC · Filed with the exchange
The company swung to a net profit of ₹0.62 Cr, recovering from last quarter's loss and growing over last year's Q1 profit.
Significant financial upside comes from an arbitration award of ₹3.87 Cr, with ₹3.18 Cr deemed fully recoverable against pledged properties worth ₹12 Cr.
Separately, ₹1.5 Cr in advances are under recovery, also considered fully recoverable.
These recoveries highlight potential balance sheet improvements.
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