In terms of regulation 33 of SEBI (Listing Obligation Disclosure Requirements) Regulations, 2015 for the financial year ended 31st March, 2026, enclosed herewith please find attached Audited ....
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Trade Wings Limited reported its audited FY26 results with standalone revenue from operations rising about 6.1% to Rs.22,594.56 lakhs from Rs.21,285.29 lakhs in FY25. Standalone profit after tax nearly doubled to Rs.113.43 lakhs from Rs.57.21 lakhs, pushing EPS to Rs.3.78 from Rs.1.91. On a consolidated basis, however, PAT fell sharply to Rs.239.37 lakhs from Rs.380.34 lakhs, despite revenue inching up to Rs.26,210.99 lakhs. The Travel Related Services segment continues to dominate, contributing nearly 98% of standalone revenue. The auditor issued an unqualified opinion but flagged an emphasis of matter: no impairment has been booked on the company's investment in its wholly owned subsidiary, Trade Wings Hotels Ltd, whose results remain weak. The company also took a one-time extra provision of Rs.70.34 lakhs toward gratuity and leave encashment following new labour codes effective November 2025.
Standalone numbers are a clear positive, with PAT almost doubling, but the consolidated picture is weaker due to the drag from the hotel subsidiary, leaving consolidated reserves in negative territory at Rs.-1,215.67 lakhs. Investors should keep an eye on the subsidiary's performance and the going-concern assumption around it, as any future impairment could hit consolidated earnings.