The Board approved the IND-AS compliant Standalone Financial Results alone with Limited Review Report for the quarter ended on June 30, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
TPI India Limited's Board approved its Q1 FY26 standalone unaudited results on July 18, 2025. Revenue from operations rose to Rs 683.60 lakhs from Rs 627.21 lakhs in Q1 FY25, an increase of around 9% year-on-year, though it declined sequentially from Rs 808.55 lakhs in Q4 FY25. The company posted a loss after tax of Rs 10.78 lakhs in Q1 FY26 versus a loss of Rs 20.94 lakhs in Q1 FY25, a smaller quarterly loss. For the full year FY25, profit after tax stood at about Rs 35.84 lakhs versus Rs 46.43 lakhs in FY24. The auditor's Limited Review Report explicitly flagged that results were prepared on a going concern basis despite the company's net worth being completely eroded, with accumulated losses exceeding share capital and reserves. Deferred tax assets were also not recognized due to uncertainty about future taxable income.
This is a serious red flag for shareholders — the auditor has highlighted that net worth is fully wiped out, which casts doubt on the company's ability to continue as a going concern. Combined with consecutive quarterly losses, the stock carries significant financial distress risk and investors should approach with caution.