Trigyn Technologies Limited has informed the Exchange about Copy of Newspaper Publication
TRIGYN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Trigyn Technologies reported weak Q1 FY26 results, swinging to a standalone net loss of Rs. 4.61 crore from a profit of Rs. 7.61 crore in Q1 FY25, even as revenue dipped to Rs. 224.50 crore from Rs. 241.94 crore. On a consolidated basis, the net loss widened to Rs. 4.99 crore versus Rs. 3.71 crore loss a year ago, with EPS at Rs. (1.62). The company made a fresh Expected Credit Loss (ECL) provision of Rs. 2.72 crore in the quarter, taking cumulative ECL provisions to Rs. 55.27 crore, largely tied to the long-pending Rs. 61.50 crore receivable from the Andhra Pradesh State Fibernet (APSFL) project outstanding for over 5 years. Other concerns include a Rs. 9.08 crore GST demand notice, a Rs. 3.14 crore income tax demand from a 2018 search, ongoing Nashik Smart City arbitration, and multiple pending legal cases.
Negative for shareholders — the company posted a quarterly loss on both standalone and consolidated bases with a sharp year-on-year reversal, and large legacy receivables, tax disputes, and ongoing legal matters continue to weigh on the business. The bright spot is an unrealized gain of Rs. 18.74 crore on IIRM Holdings shares, but near-term earnings remain pressured.