Please find attached herewith financial results for the Quarter and Year Ended March 31,2026
TRIGYN · price
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Trigyn Technologies reported consolidated revenue of ₹9,764.29 crores for FY2026, up 8.8% from ₹8,977.91 crores in FY2025. However, profitability declined sharply with net profit falling 83% to ₹198.66 lakhs from ₹1,176.94 lakhs in the prior year. The auditors issued an unmodified (clean) opinion. Key concerns highlighted include two wholly-owned subsidiaries (Leading Edge Infotech and Trigyn Technologies India) with negative net worth operating on going concern basis due to holding company support. The company did not book ₹80 crores of guaranteed revenue citing collection uncertainty. A ₹9.08 crore GST demand notice is pending appeal, and a Nashik toll project termination has led to bank guarantee invocation of ₹3.52 crores with ongoing arbitration. Related party advances to United Telecoms and Priyaraja Electronics are pending formal documentation.
Despite revenue growth, steep profit decline and multiple going concern, litigation, and revenue recognition issues signal elevated risk. Shareholders should monitor subsidiary revival plans and arbitration outcomes closely.