In terms of Regulation 30 of the SEBI (LODR) Regulation 2015 ................. Audited Results attached
TARMAT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tarmat Ltd reported strong financial improvement for FY2026 with standalone revenue of Rs 11,737 lakhs (up 13.6% from Rs 10,328 lakhs in FY25). Profit after tax surged to Rs 655.6 lakhs from Rs 166.9 lakhs in FY25, a growth of 293%. Basic EPS improved to Rs 2.64 from Rs 0.63. However, auditors issued a Qualified Opinion due to the company's inability to determine the fair value of its Rs 7.83 crore investment in Joint Venture Backbone Tarmat Alfaraa, which has gone into liquidation. The auditors could not comment on the carrying value of this investment. Consolidated results showed PAT of Rs 624.2 lakhs (up 234% YoY) on revenue of Rs 11,737.4 lakhs.
While earnings showed strong recovery, the repetitive qualified audit opinion since FY22-23 regarding the JV investment in liquidation creates uncertainty. The contradiction between the company's declaration of unmodified opinion and the actual qualified opinion in the audit report is a red flag requiring investor attention.