Approved Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026.
TARSONS · price
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Tarsons Products Limited reported FY2026 consolidated revenue of Rs 4,225.13 million, up 7.7% from Rs 3,924.14 million in FY2025. However, profit after tax declined significantly to Rs 143.22 million from Rs 297.70 million in the prior year (~52% decline). The PAT decline was driven by a sharp increase in depreciation (Rs 965.29 million vs Rs 624.99 million) and higher finance costs (Rs 225.45 million vs Rs 193.86 million). An exceptional item of Rs 11.27 million was recorded for statutory impact of new labour codes. The company also disclosed that it paid excess remuneration to directors (Managing Director: Rs 19.67 million, WTD: Rs 20.51 million, Other Directors: Rs 1.21 million) totaling Rs 41.38 million over statutory limits, and is seeking shareholder approval via special resolution for waiver. Auditors issued an unmodified (clean) opinion on both standalone and consolidated results.
Despite revenue growth, the sharp PAT decline due to higher depreciation and finance costs may concern investors. The disclosure of excess director remuneration requiring shareholder approval adds governance attention. The clean audit opinion is positive.