Mumbai, Dec 19: Precision Electronics saw a boost in market sentiment after securing a Rs 2-crore defence order for the supply of machined parts, to be executed within the current financial year.
The company, a telecom infrastructure enabler with interests in infrastructure development, system integration, and high end telecom equipment manufacturing, reported a standalone net loss of Rs 1.40 crore in Q2 FY26, slightly higher than the Rs 1.17 crore loss in Q2 FY25.
Despite the loss, Precision Electronics’ net sales surged 48.4% year on year to Rs 15.15 crore in Q2 FY26, reflecting strong operational growth amid new contracts and business diversification.