Outcome of the Board Meeting Along with Financial Results for the Quarter and Year Ended March, 31 2026 and Auditors Report thereon
TRIGYN · price
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Trigyn Technologies reported FY2026 consolidated revenue of Rs 976.43 crores, up 8.8% from Rs 897.79 crores in FY2025. However, net profit dropped sharply to Rs 1.99 crores from Rs 11.77 crores (down 83%), largely due to higher tax expenses (Rs 1,110.56 crores vs Rs 1,461.78 crores in prior year) and prior year tax adjustments. Standalone revenue grew 23% to Rs 188.95 crores with profit of Rs 4.67 crores. The auditor issued unmodified opinions but included multiple Emphasis of Matter notes: two subsidiaries (LEIL and TTIPL) have negative net worth and are dependent on holding company support; Rs 80 crores of guaranteed revenue not recognized due to collection concerns; a Nashik toll project terminated with bank guarantee invoked; GST demand notice of Rs 9.08 crores; and pending legal suits. Cash position improved to Rs 47,401 lakhs from Rs 41,306 lakhs.
The stock may see mixed reaction - revenue growth is positive but the 83% profit decline is concerning, driven largely by higher tax outgo. The going concern doubts on two subsidiaries and multiple litigation/regulatory issues (GST demand, toll project dispute) add risk factors that could weigh on investor sentiment despite healthy cash reserves.