Board Meeting Details
The Board of Directors meeting commenced at 10:00 AM and concluded at 3:30 PM on 14.11.2026.
Financial Performance Highlights
Quarterly Performance (Q2 FY2026 vs Q2 FY2025)
- Revenue from operations: ₹4,035.42 lakhs (vs ₹2,500.18 lakhs in Q2 FY2025) - 61% increase
- Total income: ₹4,063.06 lakhs (vs ₹2,536.55 lakhs in Q2 FY2025)
- Profit before tax: ₹476.97 lakhs (vs ₹253.72 lakhs in Q2 FY2025) - 88% increase
- Net profit: ₹360.60 lakhs (vs ₹176.69 lakhs in Q2 FY2025) - 104% increase
- Basic EPS: ₹7.12 (not annualized) vs ₹3.49 in Q2 FY2025
Half-Yearly Performance (H1 FY2026 vs H1 FY2025)
- Revenue from operations: ₹7,063.67 lakhs (vs ₹5,952.12 lakhs in H1 FY2025) - 19% increase
- Total income: ₹7,120.56 lakhs (vs ₹6,000.82 lakhs in H1 FY2025)
- Profit before tax: ₹718.96 lakhs (vs ₹637.10 lakhs in H1 FY2025) - 13% increase
- Net profit: ₹543.95 lakhs (vs ₹434.80 lakhs in H1 FY2025) - 25% increase
- Basic EPS: ₹10.73 (not annualized) vs ₹8.58 in H1 FY2025
Balance Sheet Position (as at 30.09.2026)
- Total assets: ₹16,415.21 lakhs (vs ₹14,886.33 lakhs as at 31.03.2026)
- Equity share capital: ₹506.77 lakhs (unchanged)
- Other equity: ₹10,103.62 lakhs (vs ₹9,353.56 lakhs as at 31.03.2026)
- Total equity: ₹10,610.39 lakhs (vs ₹9,860.33 lakhs as at 31.03.2026)
- Investments: ₹7,401.20 lakhs (vs ₹6,240.82 lakhs as at 31.03.2026)
- Inventories: ₹1,359.27 lakhs (vs ₹810.05 lakhs as at 31.03.2026)
- Trade receivables: ₹3,714.99 lakhs (vs ₹3,746.99 lakhs as at 31.03.2026)
- Cash and cash equivalents: ₹970.33 lakhs (vs ₹1,441.91 lakhs as at 31.03.2026)
Segment-wise Performance
Tea Machinery Segment
- Q2 FY2026 revenue: ₹3,398.54 lakhs
- Q2 FY2026 segment profit: ₹239.86 lakhs
- H1 FY2026 revenue: ₹6,138.26 lakhs
- Capital employed: ₹9,699.21 lakhs as at 30.09.2026
Tea Manufacturing Segment
- Q2 FY2026 revenue: ₹636.88 lakhs
- Q2 FY2026 segment profit: ₹237.12 lakhs
- H1 FY2026 revenue: ₹925.41 lakhs
- Capital employed: ₹1,306.98 lakhs as at 30.09.2026
Cash Flow Statement (H1 FY2026)
- Net cash from operating activities: ₹686.40 lakhs
- Net cash used in investing activities: ₹(1,157.97) lakhs
- Net decrease in cash: ₹(471.57) lakhs
- Cash equivalents at beginning: ₹1,441.91 lakhs
- Cash equivalents at end: ₹970.34 lakhs
Auditor's Qualified Opinion
Statutory auditors Agarwal & Associates issued a qualified opinion with the following key issues:
Labour Code Implementation Impact
- The four Labour Codes came into force on 21st November 2025 with central rules effective May 2026
- Company has not determined or recognized additional obligations for gratuity, compensated absences and other employee benefits arising from revised definition of "wages"
- No actuarial valuation incorporating Labour Code requirements has been carried out
- Financial impact on employee benefit expense, profit, provisions and deferred tax cannot be determined
- This non-compliance is with Ind AS 19 Employee Benefits and Ind AS 34 Interim Financial Reporting
FEMA Compliance Issues
- Trade receivables include export receivables of ₹707.99 lakhs unrealized beyond FEMA prescribed period
- Company has not obtained extension from Authorised Dealer bank but is in process of applying
- Management considers these receivables recoverable; no adjustment made for potential penalties
- Advances of ₹3,836.45 lakhs from overseas customers remain unadjusted beyond FEMA permitted period
- Company will apply for extension or refund through AD Bank
Notes to Financial Results
- Financial results were reviewed by Audit Committee and approved by Board of Directors
- Previous period figures have been restated for comparability where necessary
- Results are available on company website www.tiglobal.com