Total Transport Systems Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Total Transport Systems Limited reported audited financial results for Q4 FY26 and the full year ended March 31, 2026. Standalone revenue declined to Rs 50,450.36 Lakhs from Rs 55,636.72 Lakhs in FY25, a drop of about 9.3%. Net profit fell significantly to Rs 709.70 Lakhs from Rs 1,129.45 Lakhs, down approximately 37% year-on-year. However, operating cash flow remained healthy at Rs 2,016.29 Lakhs. The Board also approved divesting the entire 60% stake in subsidiary R N Freight Forwarders Private Limited for Rs 2.46 Lakhs, with expected completion by June 30, 2026. The subsidiary had FY26 turnover of Rs 546.31 Lakhs but negative net worth of Rs 70.93 Lakhs. Auditors issued unmodified (clean) opinions on both standalone and consolidated results.
The revenue and profit decline reflects challenging market conditions in the transport/logistics sector. The low consideration for divesting the subsidiary with negative net worth may raise questions about the transaction's economics, though the clean audit opinion provides assurance on financial reporting quality. The disinvestment will reduce the company's consolidated revenue base going forward.