Please find attached the financial results for the year ended March 31, 2026
TIRUMALCHM · price
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Thirumalai Chemicals reported a significant deterioration in FY26 with standalone revenue falling 37% to Rs 1,360 crore from Rs 2,152 crore in FY25. The company swung to a net loss of Rs 65.4 crore from a profit of Rs 82.2 crore in the prior year. Consolidated losses were even larger at Rs 167.9 crore. The company faced severe cash burn with negative operating cash flows of Rs 205.6 crore (standalone) and Rs 130.7 crore (consolidated). Notes reveal going concern risks: current liabilities exceed current assets by Rs 211.5 crore excluding subsidiary loans. Exceptional impairment charges of Rs 4.4 crore (standalone) and Rs 7.98 crore (consolidated) were recognized for non-operational plants. The company also announced a change in statutory auditors, appointing PKF Sridhar & Santhanam from the next AGM.
This is a deeply concerning result showing severe operational deterioration. The company is burning cash rapidly with negative operating cash flows and liquidity stress. Despite management assertions on going concern, shareholders should be cautious as the path to profitability remains unclear and significant funding needs exist.