We enclose herewith the unaudited financial results (standalone & consolidated) alongwith Limited Review Reports for the quarter ended June 30, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Taylormade Renewables reported Q1 FY26 standalone revenue of ₹1,637.98 lakhs, a sharp jump from ₹282.2 lakhs in Q1 FY25 (which was abnormally low). Total expenses rose to ₹1,479.70 lakhs, yielding a pre-tax profit of ₹163.30 lakhs versus ₹8.58 lakhs last year. However, the company slipped into a loss after tax of ₹73.35 lakhs (EPS of -₹0.59) compared to a profit of ₹9.81 lakhs earlier, mainly because a higher Expected Credit Loss (ECL) provision on disputed trade receivables was added back for tax computation, inflating the tax bill to ₹236.55 lakhs. The auditor issued an 'Emphasis of Matter' flagging that inventory was valued using management estimates rather than Ind AS 2, and that debtor/creditor balances and land advances remain unconfirmed. Consolidated results were broadly similar with a loss after tax of ₹71.12 lakhs.
Negative for shareholders — strong top-line growth was wiped out at the bottom line by an ECL-driven tax spike, turning Q1 into a loss. The auditor's emphasis on inventory valuation outside Ind AS norms and unresolved debtor confirmations raises concerns about earnings quality and governance.