TPI India Q1 loss; auditor flags loan default, eroded net worth

Going-concern doubtEmphasis of matterNet loss reportedDebt to equity above the thresholdResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.9%Reaction day

₹17.49

prior close

₹16.93

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-2.0% vs market

Packaging peers, median of 61sector+0.0%-1.9% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 1.9 pts less than its Packaging peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.8

10m

+2.8

15m

+2.8

30m

+9.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.9+0.1-2.0+0.0-1.9

Next day

+10.6+0.5+10.1-0.2+10.9

+28.3-0.1+28.4-0.3+28.6

+31.6+0.4+31.2-0.1+31.7

+37.5+0.7+36.8+0.4+37.1

+40.7+0.9+39.7+0.1+40.6

+20.1+1.1+19.0-0.1+20.3

15d

+8.6+1.6+7.0+0.5+8.1

+7.2-0.7+7.9-2.3+9.5

-16.0-3.2-12.8-2.0-14.0

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UpDownMarket · Nifty Microcap 250Sector · Packaging peers, median of 61Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

TPI India posted a loss of Rs 10.78 lakhs in Q1 FY27 against a profit of Rs 39.02 lakhs in Q4 FY26. Revenue rose to Rs 720.29 lakhs from Rs 533.15 lakhs year-on-year. The auditor flagged significant concerns: the company defaulted on Rs 40.89 lakhs in term loan repayments, net worth is fully eroded as accumulated losses exceed share capital and reserves, tax expense of Rs 9.83 lakhs was not recognised, and the impact of new Labour Codes on employee benefits remains unassessed. Despite these issues, results were prepared on a going concern basis. The board also re-appointed the secretarial and internal auditors.

Likely market impact

Serious financial distress signals—loan default, fully eroded net worth, and going concern doubts—could pressure the stock and flag near-term solvency risk.