Standalone and Consolidated Financial Results for the quarter ended June 30, 2025
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Tulsyan NEC reported a weak Q1 FY26 with standalone net sales of ₹23,295.70 lakhs, down about 10.7% from ₹26,091.10 lakhs in the same quarter last year. The company swung to a standalone net loss of ₹1,100.35 lakhs compared to a small profit of ₹39.26 lakhs in Q1 FY25, with loss per share of ₹6.68. Finance costs nearly doubled to ₹1,649.54 lakhs from ₹912.41 lakhs, which heavily weighed on margins. On a consolidated basis, revenue fell to ₹25,729.83 lakhs and the company posted a net loss of ₹1,024.94 lakhs versus a profit of ₹58.08 lakhs a year ago. Segment-wise, the Power division turned profitable at ₹925.97 lakhs, but the Steel and Synthetic divisions both reported losses, and Steel division's capital employed remains negative, indicating liabilities exceed its assets.
Shareholders face another quarter of losses and shrinking revenues, with rising finance costs and negative capital employed in the Steel segment raising solvency concerns; the stock is likely to see negative sentiment despite the Power division's recovery.