In terms of Regulation 33 of SEBI (Listing Obligation Disclosure Requirements) Regulations, 2015, enclosed herewith please find the Audited financial results (Standalone and Consolidated) ....
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Trade Wings Ltd reported standalone revenue of Rs. 23,424 lakhs for FY26, up 7% from Rs. 21,876 lakhs in FY25. Standalone net profit grew 98% to Rs. 113.43 lakhs with EPS of Rs. 3.78 vs Rs. 1.91. However, consolidated net profit declined 37% to Rs. 239.37 lakhs with EPS of Rs. 7.98 vs Rs. 12.68, despite consolidated revenue rising 5.8% to Rs. 27,060 lakhs. The auditor issued an unqualified opinion but drew attention to no impairment being provided for investment in subsidiary Trade Wings Hotels Ltd. The company made an additional provision of Rs. 70.34 lakhs due to new labour codes. Net cash from operations was positive at Rs. 491.46 lakhs but overall cash flow was negative at Rs. 50.38 lakhs.
Standalone operations showed strong profit growth, but consolidated earnings declined significantly, likely due to subsidiary performance. The company has negative reserves (-Rs. 76.40 lakhs standalone, -Rs. 1,216 lakhs consolidated) indicating accumulated losses and potential going concern concerns for shareholders.