Total Transport Systems Limited has informed the Exchange regarding Board meeting held on August 06, 2025.
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Total Transport Systems Limited reported its Q1 FY26 (quarter ended June 30, 2025) unaudited financial results on a consolidated and standalone basis. Consolidated revenue from operations came in at ₹14,744.19 lakhs, marginally up from ₹14,600.20 lakhs in Q1 FY25. However, net profit surged sharply to ₹293.71 lakhs from just ₹23.42 lakhs a year ago, while EPS rose to ₹1.81 from ₹0.15. Standalone revenue was largely flat at ₹12,032.91 lakhs, with net profit up to ₹274.90 lakhs (₹201.87 lakhs earlier) and EPS at ₹1.70 (₹1.25 earlier). The Board also accepted the resignation of statutory auditor S R B C & Co LLP, who stepped down citing a fee dispute — the company offered ₹30 lakhs against their existing ₹60 lakhs fee, which they said was 'not commercially viable.' M. P. Chitale & Co has been recommended as the new statutory auditor for a five-year term, subject to shareholder approval at the AGM on September 01, 2025.
Strong year-on-year profit growth at both consolidated and standalone levels is a positive signal for shareholders, even though topline revenue remained flat, indicating improved margins and cost efficiency. The mid-year exit of a Big-4-affiliated auditor (S R B C) over a fee dispute is a governance red flag worth monitoring, though the proposed replacement (M. P. Chitale & Co) is an established firm.