The Board has approved IND-AS compliant standalone unaudited Financial Results along with Limited Review Report for the quarter ended on 30th June, 2025 pursuant to Regulation 33 of Listing ....
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TPI India Ltd's board approved IND-AS compliant unaudited standalone results for the quarter ended June 30, 2025. Revenue from operations came in at Rs 683.60 lakhs, up about 9% from Rs 627.21 lakhs in the year-ago quarter. The company reported a loss after tax of Rs (10.78) lakhs, narrower than the Rs (20.94) lakhs loss in Q1 FY25, with EPS at (0.03) versus (0.05). For the full FY25, revenue grew roughly 27% to Rs 3,017.75 lakhs and the company posted a PAT of Rs 34.97 lakhs, a drop from Rs 46.03 lakhs in FY24. The statutory auditor, Jain Jagawat Kamdar & Co., flagged a serious going concern issue, stating that results were prepared on a going concern basis even though the company's net worth has been completely eroded — accumulated losses have exceeded the combined share capital and reserves. Deferred tax assets were also not recognized due to lack of reliable estimates of future taxable income.
The auditor's going concern warning is a major red flag — shareholders should be cautious as the fully eroded net worth raises serious concerns about the company's long-term viability, which could weigh on the stock price. The narrowing quarterly loss and revenue growth are mildly positive but do not offset the solvency risk highlighted by the auditor.