Taylormade Renewables Limited announces Q2 FY2025-26 Results
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Taylormade Renewables reported a significant accounting loss for Q2 FY2025-26 (quarter ended September 30, 2025), entirely driven by a one-time sales reversal of ₹1,377.20 lakhs related to the Andhra Pradesh (Proddatur) project, a legacy matter now closed under Ind AS 115. Consequently, Revenue from Operations for the quarter stood at negative ₹944.38 lakhs. Management emphasises that the reversal is technical and non-recurring, not reflecting current operational performance. Underlying business activity was strong, with steady execution across active projects, firm customer demand, and stable operational cash flows. Subsidiary TEPL delivered healthy turnover despite being in early expansion phase. New projects, including SGL Resources, entered accelerated execution, providing strong revenue visibility for H2.
Reported numbers look alarming on the surface but are distorted by a one-off legacy adjustment. Excluding the reversal, the business is performing well, and management expects a stronger second half. Short-term share price reaction may be negative due to headline losses, but investors should focus on underlying operational strength and the resolution of the legacy issue.