Pursuant to Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we enclose herewith the Un-Audited Standalone and ....
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Taylormade Renewables reported unaudited results for Q2 FY26 showing Revenue from Operations of negative Rs. 944.38 lakhs, dragged down by a one-time sales reversal of Rs. 1,377.20 lakhs relating to invoices originally booked as revenue in FY 2023-24. For H1 FY26, revenue collapsed to Rs. 693.60 lakhs from Rs. 3,508.96 lakhs a year ago, and the company swung to a loss after tax of Rs. 539 lakhs versus a profit of Rs. 409 lakhs in H1 FY25, with EPS turning negative at Rs. (4.35). On a consolidated basis (including subsidiary Taylormade Enviro), H1 FY26 PAT loss was Rs. 531.34 lakhs. The auditor's limited review flagged that closing inventory was valued based on management's technical analysis rather than IND AS 2, and emphasised the sales reversal as an exceptional item; confirmations from long-standing debtors and land advances remain pending. Operating cash flow was negative Rs. 522 lakhs on a standalone basis, and non-current borrowings surged from Rs. 13.69 lakhs to Rs. 966.48 lakhs.
Despite management stating core operations remain profitable excluding the reversal, shareholders face a reported loss, a sharply negative quarterly revenue print, and a qualified auditor review citing IND AS 2 non-compliance, all of which are likely to weigh on the stock and prompt scrutiny over revenue-recognition quality and the FY23-24 sales.