Please find the enclosed financial results for March 31, 2026.
TI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tilaknagar Industries reported consolidated revenue of Rs. 5,24,758 lakhs for FY2025-26, up 68% from Rs. 3,12,098 lakhs in FY2024-25, driven by the Imperial Blue acquisition completed in December 2025. However, Profit After Tax dropped sharply to Rs. 2,087 lakhs from Rs. 22,959 lakhs due to exceptional items of Rs. 23,197 lakhs (acquisition costs of Rs. 22,007 lakhs plus Rs. 1,190 lakhs for new labour code gratuity impact). EPS declined to Rs. 0.97 from Rs. 11.89. The auditor issued a qualified opinion citing failure to perform impairment assessment on a non-operating ENA plant despite indication of impairment. The Board approved a 10% dividend, subsidiary amalgamation scheme, and plans to set up a wholly-owned subsidiary in Nigeria with Rs. 30 crore investment.
Despite strong revenue growth from the Imperial Blue deal, the massive exceptional costs and qualified audit opinion may concern investors. The large acquisition debt and deferred consideration of EUR 28 million (Rs. 290 crore) add leverage risk. Dividend is positive for shareholder returns.