Financial Performance Highlights

Standalone Financials (FY 2025-26)

  • Revenue from Operations: ₹514.21 crore (17.8% growth from ₹436.46 crore previous year)
  • Profit Before Tax: ₹741.16 crore (Previous Year: ₹673.37 crore)
  • Profit After Tax: ₹551.42 crore (10.3% growth from ₹500.06 crore previous year)
  • Basic EPS: ₹50.84 (Previous Year: ₹46.17)
  • EBITDA: ₹886.95 lakhs (Previous Year: ₹858.45 lakhs)

Consolidated Financials (FY 2025-26)

  • Revenue from Operations: ₹632.09 crore (Previous Year: ₹552.74 crore)
  • Profit After Tax: ₹488.46 crore (Previous Year: ₹523.10 crore)
  • Basic EPS: ₹45.41 (Previous Year: ₹46.07)

Key Accounting Changes and Impacts

Depreciation Method Change

Effective 1st April 2025, the Company changed from Written Down Value (WDV) to Straight Line Method (SLM) on Property, Plant and Equipment:

  • Reduced depreciation charge by ₹737.02 lakhs for FY 2025-26
  • Increased Profit Before Tax by ₹737.02 lakhs
  • Increased Profit After Tax by ₹551.51 lakhs

New Labour Codes Implementation

Implementation of four new labour codes resulted in:

  • One-time exceptional charge of ₹273.11 lakhs for past service cost
  • Primary impact on gratuity and leave encashment expenses due to change in definition of wages

AGM Details and Resolutions

The 40th Annual General Meeting was held on 25th August 2026 with key resolutions:

  • Adoption of audited financial statements for FY ended 31st March 2026
  • Declaration of dividend of ₹5 per equity share (50% dividend)
  • Re-appointment of Mr. V.A. George and Mr. Manoj Joseph as Directors
  • Ratification of remuneration of cost auditors for FY 2026-27

Remote e-voting was conducted through CDSL from 22nd to 24th August 2026, with 18th August 2026 as record date for dividend eligibility.

Segment Performance and Operations

Business Segments (Standalone)

  • Manufacturing Units: Revenue ₹186.87 crore, Segment Result ₹495.10 crore
  • Service Units: Revenue ₹327.35 crore, Segment Result ₹513.16 crore
  • Total Segment Result: ₹1,008.26 crore

Geographical Segments (Standalone)

  • India: Revenue ₹445.72 crore, Segment Assets ₹339.25 crore
  • Outside India: Revenue ₹68.50 crore, Segment Assets ₹33.76 crore

Key Financial Ratios and Metrics

  • Debt-Equity Ratio: 0.09 times (Previous Year: 0.08 times)
  • Return on Equity: 18.94% (Previous Year: 20.73%)
  • Inventory Turnover Ratio: 10.77 times (Previous Year: 9.72 times)
  • Net Profit Ratio: 10.74% (Previous Year: 11.51%)
  • Return on Capital Employed: 23.33% (Previous Year: 24.84%)

Subsidiaries and Global Presence

The Company maintains five overseas subsidiaries:

1. Thejo Hatcon Industrial Services Company, Saudi Arabia (51% ownership)

2. Thejo Australia Pty Ltd, Australia (100% ownership)

3. Thejo Brasil Comercio E Servicos Ltda, Brazil (100% ownership)

4. Thejo Engineering LatinoAmerica SpA, Chile (99.86% ownership)

5. TE Global FZ-LLC, Ras-Al-Khaimah (100% ownership)

Corporate Governance and Compliance

The document confirms full compliance with SEBI Listing Regulations, Companies Act, and other statutory provisions. The board reports extensive information on operations, corporate governance practices, CSR activities (₹104.00 lakhs spent), and complete financial statements with auditors' reports.

Signatories and Approval

The Financial Statements were approved by the Board of Directors on 27th May, 2026, signed by V.A. George (Executive Chairman), Thomas John (Vice Chairman), Manoj Joseph (Managing Director), M.D. Ravikanth (CFO), and S. Jayashree (Company Secretary), with auditors' report from Brahmayya & Co.