TECIL Chemicals and Hydro Power Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
TECILCHEM · price
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TECIL Chemicals reported a net loss of Rs. 2.47 Lakhs for FY2026, an improvement from the previous year's loss of Rs. 38.74 Lakhs. The quarter ended March 2026 showed a profit of Rs. 16.46 Lakhs. However, the company recorded zero or negligible revenue from operations, with total income appearing near zero. Total expenses for the year were Rs. 3,875 Lakhs, primarily comprising employee benefits (Rs. 1,397 Lakhs) and depreciation (Rs. 740 Lakhs). The company has negative other equity of Rs. 763.65 Lakhs, indicating negative net worth. Cash flow from operations was negative at Rs. 35.85 Lakhs. Borrowings stand at Rs. 1,292.60 Lakhs. S.R. Pai & Co issued an unmodified (clean) audit opinion.
The company is technically insolvent with negative net worth and negative operating cash flow, raising significant concerns about its ability to continue as a going concern despite the auditors not qualifying their opinion.