Piccadily Agro receives a credit rating upgrade from Infomerics, boosting their long-term rating to IVR A/Stable for bank facilities totaling ₹402.7 crore. Short-term rating is now upgraded to IVR A1, indicating improved financial standing.
Piccadily Agro Industries Limited
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Piccadily Agro Industries has announced a profit after tax (PAT) of ₹139.3 Crore for the fiscal year 2025-26. The board has also approved the demerger of its sugar business into a separate subsidiary. Notably, the company's auditor has resigned and a new one is recommended.
Piccadily Agro reported a significant increase in Q4 net profit, reaching ₹459 million compared to ₹404 million last year. Additionally, the company's revenue grew by 32% year-on-year, reaching ₹3.6 billion in Q4.
Piccadily Agro's Q4 FY26 financial results show a 33% increase in revenue compared to the previous year, reaching ₹363.6 Cr, with EBITDA also up by 11.4%. The distillery sector experienced significant growth at 41.7%, while the sugar division saw a dip of 7.9%. The profit after tax (PAT) for FY26 increased by 33.4% to ₹139.6 Cr.