Re-appointment of Internal Auditor of the Company for the Financial Year 2026-27.
TARSONS · price
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Tarsons Products Limited reported its Q4 and FY2026 audited financial results. Consolidated revenue grew 7.7% to ₹4,225.13 million from ₹3,924.14 million in FY2025. However, profit after tax declined significantly to ₹143.22 million compared to ₹297.70 million in the prior year, a drop of about 52%. The profit decline was attributed to exceptional items of ₹11.27 million (impact of new labour codes), higher depreciation of ₹965.29 million (up from ₹624.99 million), and increased finance costs of ₹225.45 million. The Board also re-appointed Grant Thornton Bharat LLP as Internal Auditor for FY 2026-27. Statutory auditors Price Waterhouse Chartered Accountants LLP issued an unmodified opinion on both standalone and consolidated results.
The sharp decline in profitability despite revenue growth is concerning for investors. The increase in depreciation and finance costs indicates higher debt levels or capital expenditure. The stock may see negative reaction unless management provides positive guidance on future profitability. The continuation of Grant Thornton as internal auditor signals no change in governance practices.