Audited Results - Results for the half year and year ending March 31, 2026
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Times Green Energy (India) Ltd reported audited financial results for H2 and FY 2025-26 ending March 31, 2026. Revenue from operations stood at approximately Rs. 2,607 lakhs for the half year. Net profit grew significantly from Rs. 3,157 lakhs (FY 2024-25) to Rs. 5,293 lakhs (FY 2025-26), representing a PAT growth of about 68%. The company expanded its equity base through two share issuances (November 2025 and March 2026) raising Rs. 778.56 lakhs for business expansion. Total assets increased to Rs. 48,781 lakhs from Rs. 47,800 lakhs. The Board also approved issuance of Rs. 30 crore Non-Convertible Debentures at 18% coupon and expanded business activities to include agricultural products trading/export. Auditors issued an unmodified opinion but flagged that trade receivables, payables, and inventory balances are subject to confirmation and physical verification.
Strong PAT growth of ~68% signals operational efficiency improvement. The Rs. 30 crore NCD issuance at 18% coupon indicates higher borrowing costs, which may pressure future margins. Expansion into agricultural trading via MoA amendment suggests strategic diversification but execution risks exist.