We hereby enclose the Audited Standalone and Consolidated Financial Results for the Quarter and Financial Year ended March 31, 2026
TEGA · price
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Tega Industries reported mixed FY2026 results with consolidated revenue growing modestly by 3.25% to ₹16,919 million, while standalone revenue declined 16.3% to ₹7,494 million. However, profitability declined significantly on both bases: consolidated PAT fell 28.8% to ₹1,426 million and standalone PAT dropped 11.6% to ₹1,554 million. The auditor issued an unmodified (clean) opinion on both standalone and consolidated results. The board recommended a final dividend of ₹2 per share (20% of face value), subject to shareholder approval at the September 2026 AGM. The company is in the process of acquiring the MolyCop Group and has incurred ₹775.77 million in related due diligence expenses. A major preferential equity issue of 8.59 million shares at ₹1,994 each was completed in November 2025, raising approximately ₹17 billion.
The significant PAT decline of nearly 29% on consolidated basis despite modest revenue growth signals margin compression and operational challenges, which could weigh on the stock price. The large equity raise dilutes EPS but strengthens the balance sheet for the MolyCop acquisition.