TTML Q1 results, RPS redemption extended to 2036

Going ConcernPat NegativeEbitda Margin ExpansionResults View source PDF

TTML · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-2.0%1-day move

₹40.17

prior close

₹41.47

base price

In-mkt

timing

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-0.4-1.6-0.2-0.7-2.0-1.7-1.8———————

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AI summary

TTML Q1 FY27 revenue rose 6% YoY to Rs 301.57 Cr; EBITDA grew 12% to Rs 164.90 Cr. Net loss narrowed to Rs 72.15 Cr vs Rs 324.98 Cr YoY (latter had Rs 654.95 Cr exceptional item). Auditor gave unmodified opinion but flagged going concern as current liabilities exceed current assets, mitigated by parent support letter. Board extended Rs 2,018 Cr RPS redemption to Oct 2036 and proposed new auditor T.P. Ostwal for 5 years from 2027 AGM.

Likely market impact

Going concern flag persists despite narrower loss; RPS extension eases near-term redemption pressure; auditor change lined up from 2027 AGM.