Tarapur Transformers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
TARAPUR · price
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Awaiting price reaction for this filing.
Tarapur Transformers Limited reported its Q1 FY26 results with total income of just Rs 55.37 lacs, down sharply from Rs 2,381.55 lacs in the same quarter last year, a drop of nearly 98%. The company posted a small net profit of Rs 9.52 lacs versus Rs 1,454.45 lacs in Q1 FY25. Reserves stood in the negative at Rs (1,886.39) lacs. The statutory auditor (Grandmark & Associates) issued an unmodified limited review report with no qualifications. The filing also notes an exceptional item of Rs 2,726.92 lacs in FY25 linked to a reversal of provision for doubtful advances against Choudhary Global Limited, against whom the company has filed an insolvency petition under the IBC for Rs 8.66 crore. Additionally, the company received a SEBI show cause notice dated June 20, 2025, to which it is preparing a reply.
The dramatic year-on-year revenue collapse is a major red flag for shareholders, though the company managed a small profit this quarter. Negative reserves and pending SEBI regulatory action add to the risk profile; investors should watch for clarity on the revenue drop and the outcome of the SEBI notice.