TAAL TECH LTD.

TAAL Tech Limited (formerly TAAL Enterprises Limited, name changed effective November 4, 2025) operates an engineering and design services business that generated essentially all of its FY26 consolidated revenue of ₹197.43 crore. The company provides engineering design services, primarily to overseas clients, and runs subsidiaries in the USA, Switzerland and the UK. Despite being classified under the "Airline" basic industry and retaining an "Air Charter" segment in its reporting, the Air Charter line reported zero revenue across multiple quarters in FY25 and FY26, leaving Engineering Design Service as the sole revenue-generating line; segment EBIT for engineering design was ₹49.81 crore on revenue of ₹194.86 crore in FY25. The business is people-intensive: employee costs were 58.2% of revenue in FY26, while other operating expenses were 11.7% and depreciation 2.0%, producing a 39.88% EBITDA margin. Capex was just 0.1% of revenue. FY26 net profit was ₹56.72 crore on EPS of ₹181.99, and the Board declared two interim dividends of ₹35 per share (₹10.91 crore payout per tranche, totalling about ₹20.26 crore for FY26). Q3 FY26 standalone revenue was ₹4,411.70 lakhs with PAT of ₹1,078.56 lakhs, while the company recorded a one-time ₹332.76 lakh hit related to new Labour Codes.