Tarmat Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
TARMAT · price
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Tarmat Limited reported standalone revenue of Rs 11,737.37 lakhs for FY26, up 13.6% from Rs 10,328.35 lakhs in FY25. Standalone Profit After Tax surged to Rs 655.62 lakhs from Rs 166.90 lakhs, representing nearly 4x growth. The auditors issued qualified opinions on both standalone and consolidated results due to the company's Rs 7.83 crore investment in Joint Venture Backbone Tarmat Alfaraa, which has gone into liquidation, making it impossible to determine fair value. This qualification is repetitive since FY 2022-23. Consolidated PAT stood at Rs 624.24 lakhs. The company operates in airports, highways, railways, and real estate segments.
Strong bottom-line growth is positive, but the recurring qualified opinion on the JV investment creates uncertainty. Shareholders should monitor the liquidation proceedings of Backbone Tarmat Alfaraa and any potential write-down of the Rs 7.83 crore investment.