Premco Global Limited recently announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a consolidated net loss of ₹1.05 Crores for the March 2026 quarter, a stark contrast to the net profit of ₹2.79 Crores recorded in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹21.18 Crores, representing a decline of 27.3% on a year-over-year (YoY) basis and a 4.8% decrease on a quarter-over-quarter (QoQ) basis. The net profit experienced a significant decline of 161.8% QoQ and 137.6% YoY.

Premco Global Limited is a specialized manufacturer of elastic and non-elastic narrow fabrics, serving the apparel and intimate wear industries globally. Established in 1966, the company has built a reputation as a preferred supplier to major international brands such as Gap, Walmart, and Tesco. In recent developments, the company has focused on manufacturing specialized textile products while navigating market fluctuations. During 2025, the company expanded its production capabilities by establishing an additional factory in Umbergaon, Gujarat, with a capital outlay of ₹28 Crores. The company also saw several leadership changes, including the resignation of CEO Ramesh Chandra Panwar in July 2025 and multiple updates regarding its Company Secretary position throughout 2025 and early 2026.

The company’s financial performance for the year ended March 2026 showed a net profit of ₹5.99 Crores, down 37.01% from the ₹9.51 Crores reported in the previous fiscal year. Revenue for the full year 2026 declined by 14.43% to ₹93.68 Crores compared to ₹109.48 Crores in 2025. As of the March 2026 quarter, the promoter holding remains steady at 66.98%, with no significant holdings by major institutional investors like Mutual Funds or Foreign Institutional Investors (FIIs). The company continues to be majority-held by the Harjani family, including Ashok B. Harjani (43.52%), Lokesh Prem Harjani (13.19%), and Prem Bhagwandas Harjani (8.32%).