TAAL Tech Q1 profit jumps 48%, board okays 1:5 stock split
TAALTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
TAAL Tech (formerly TAAL Enterprises) reported strong Q1 FY27 results. Standalone revenue rose 44% YoY to Rs. 6,322.51 lakhs and profit after tax jumped 48% to Rs. 1,834.53 lakhs. Consolidated PAT grew to Rs. 1,943.43 lakhs. Board approved a 1:5 stock split (Rs. 10 face value to Rs. 2) to improve liquidity and attract investors. Also re-appointed Woman Independent Director Ms. Deepa Mathur for 5 years, appointed Mr. Muralidhar Chitteti Reddy as Independent Director, and re-appointed auditors TLB and Co for 4 years. All approvals subject to shareholder nod at AGM.
Strong earnings growth plus stock split could lift investor interest and liquidity. All items await shareholder approval at the AGM.