Financial Results for Quarter Ended June 30, 2026

Standalone Performance:

  • Revenue from operations: ₹33,065 lakhs (Q1 FY27) vs. ₹25,695 lakhs (Q4 FY26) and ₹44,550 lakhs (Q1 FY26).
  • Total Income: ₹34,041 lakhs.
  • Profit before tax: ₹1,882 lakhs, a significant improvement from a loss of ₹(2,286) lakhs in Q4 FY26 and a loss of ₹(1,818) lakhs in Q1 FY26.
  • Net Profit for the quarter: ₹1,421 lakhs, compared to a net loss of ₹(1,083) lakhs in Q4 FY26 and a net loss of ₹(1,383) lakhs in Q1 FY26.
  • Basic and Diluted EPS: ₹1.18.

Consolidated Performance:

  • Revenue from operations: ₹54,667 lakhs (Q1 FY27) vs. ₹42,425 lakhs (Q4 FY26) and ₹45,005 lakhs (Q1 FY26).
  • Total Income: ₹54,996 lakhs.
  • Loss before tax: ₹(3,910) lakhs, compared to a loss of ₹(3,839) lakhs in Q4 FY26 and a loss of ₹(6,437) lakhs in Q1 FY26.
  • Net Loss for the quarter: ₹(4,367) lakhs, compared to a net loss of ₹(2,800) lakhs in Q4 FY26 and a net loss of ₹(5,996) lakhs in Q1 FY26.
  • Basic and Diluted LPS (Loss Per Share): ₹(3.62).

The financial results were reviewed by the statutory auditor, Walker Chandiok & Co LLP, who issued an unmodified review conclusion.

Raising of Funds

The Board approved a proposal to raise funds aggregating up to ₹750 crores. The funds may be raised through various instruments, including:

  • Debt and/or issuance of equity shares.
  • Fully/partly convertible debentures, non-convertible debentures.
  • Warrants or any other financial instruments/securities convertible into equity shares.

The fundraising may be conducted through various modes:

  • Public offer and/or private placement.
  • Qualified Institutions Placement (QIP).
  • Preferential issue.
  • Rights issue.
  • Any other permissible mode.

The proceeds are intended for day-to-day operations and refinancing/repayment of existing debts. The proposal is subject to shareholder and regulatory approvals, as required.

Sale of Windmill

The Board approved the sale of four windmills owned by the company. The key details are:

  • Installed Capacity: 3.2 MW.
  • Location: Muthunaickenpatti, Dindigul District, Tamil Nadu, on 11.42 acres of land.
  • Revenue Contribution: The windmills contributed ₹158 lakhs in revenue in the last financial year, representing 0.11% of total revenue.
  • Consideration: ₹10.35 Crores, to be received in one or more tranches after agreement execution.
  • Proposed Purchaser: TN Oxygen Private Limited, a Chennai-based manufacturing company. The purchaser does not belong to the Promoter/Promoter Group/Group Companies.
  • Expected Completion: 30 days from the date of signing the agreement.
  • The transaction is not a related party transaction.

Going Concern Considerations

Consolidated:

The Group reported a net loss of ₹4,367 lakhs for the quarter, and its current liabilities exceeded current assets by ₹74,212 lakhs as of June 30, 2026. This is attributed to capex for TCL Specialties LLC's US manufacturing plant. Management initiatives to address this include working capital arrangements, disposal of non-core assets (like the approved windmill sale), and the approved ₹750 crore fundraise. TCL Specialties LLC is engaging with lenders to raise USD 130-180 million in debt, with an investment banker appointed and completion expected by October 2026. Based on these plans, the financial results are prepared on a going concern basis.

Standalone:

The Company's current liabilities exceeded its current assets by ₹32,528 lakhs (excluding loans/receivables from subsidiaries of ₹45,655 lakhs). Management is addressing this through similar initiatives, including the approved fundraise and asset sale, and thus prepared the standalone results on a going concern basis.

Other Details

  • The Board meeting commenced at 09:30 a.m. and concluded at 03:50 p.m.
  • The Audit Committee reviewed the financial results on August 03, 2026.
  • The information has been made available on the company website.