Board Meeting Details
The Board of Directors meeting was held on Wednesday, August 12, 2026, commencing at 4:50 PM IST and concluding at 6:00 PM IST. The meeting approved the unaudited Financial Results (both Standalone and Consolidated) for the quarter ended June 30, 2026 along with Limited Review Report issued by the Statutory Auditors.
Standalone Financial Results (All amounts in ₹ Millions)
Income Statement Highlights:
- Revenue From Operations: ₹455.09 (Q1 FY27) vs ₹455.67 (Q4 FY26) vs ₹632.92 (Q1 FY26)
- Other Income: ₹1.10 (Q1 FY27) vs ₹3.37 (Q4 FY26) vs ₹7.19 (Q1 FY26)
- Total Income: ₹456.19 (Q1 FY27) vs ₹459.04 (Q4 FY26) vs ₹640.11 (Q1 FY26)
Expense Breakdown:
- Cost of materials consumed: ₹369.02 (Q1 FY27) vs ₹402.77 (Q4 FY26) vs ₹755.19 (Q1 FY26)
- Employee benefits expense: ₹16.37 (Q1 FY27) vs ₹17.44 (Q4 FY26) vs ₹23.16 (Q1 FY26)
- Finance costs: ₹1.29 (Q1 FY27) vs ₹1.46 (Q4 FY26) vs ₹1.94 (Q1 FY26)
- Depreciation and amortisation: ₹8.41 (Q1 FY27) vs ₹8.42 (Q4 FY26) vs ₹8.24 (Q1 FY26)
- Other expenses: ₹28.06 (Q1 FY27) vs ₹32.41 (Q4 FY26) vs ₹35.90 (Q1 FY26)
- Total expenses: ₹414.58 (Q1 FY27) vs ₹419.81 (Q4 FY26) vs ₹575.86 (Q1 FY26)
Profitability Metrics:
- Profit before tax: ₹41.61 (Q1 FY27) vs ₹39.23 (Q4 FY26) vs ₹64.25 (Q1 FY26)
- Tax expense: ₹10.44 (Q1 FY27) vs ₹12.57 (Q4 FY26) vs ₹16.06 (Q1 FY26)
- Profit after tax: ₹31.17 (Q1 FY27) vs ₹26.66 (Q4 FY26) vs ₹48.18 (Q1 FY26)
- Total Comprehensive Income: ₹31.93 (Q1 FY27) vs ₹26.69 (Q4 FY26) vs ₹48.14 (Q1 FY26)
Per Share Data (Face value ₹5 each):
- Basic EPS: ₹0.79 (Q1 FY27) vs ₹0.67 (Q4 FY26) vs ₹1.22 (Q1 FY26)
- Diluted EPS: ₹0.79 (Q1 FY27) vs ₹0.67 (Q4 FY26) vs ₹1.22 (Q1 FY26)
Consolidated Financial Results (All amounts in ₹ Millions)
Income Statement Highlights:
- Revenue From Operations: ₹792.66 (Q1 FY27) vs ₹779.88 (Q4 FY26) vs ₹897.43 (Q1 FY26)
- Other Income: ₹2.41 (Q1 FY27) vs ₹9.35 (Q4 FY26) vs ₹7.35 (Q1 FY26)
- Total Income: ₹795.07 (Q1 FY27) vs ₹789.23 (Q4 FY26) vs ₹904.78 (Q1 FY26)
Expense Breakdown:
- Cost of materials consumed: ₹644.48 (Q1 FY27) vs ₹646.48 (Q4 FY26) vs ₹850.95 (Q1 FY26)
- Employee benefits expense: ₹41.93 (Q1 FY27) vs ₹41.23 (Q4 FY26) vs ₹44.37 (Q1 FY26)
- Finance costs: ₹3.13 (Q1 FY27) vs ₹2.19 (Q4 FY26) vs ₹3.35 (Q1 FY26)
- Depreciation and amortisation: ₹9.60 (Q1 FY27) vs ₹9.39 (Q4 FY26) vs ₹10.90 (Q1 FY26)
- Other expenses: ₹32.84 (Q1 FY27) vs ₹46.52 (Q4 FY26) vs ₹45.15 (Q1 FY26)
- Total expenses: ₹716.27 (Q1 FY27) vs ₹679.22 (Q4 FY26) vs ₹777.32 (Q1 FY26)
Profitability Metrics:
- Profit before tax: ₹78.80 (Q1 FY27) vs ₹110.01 (Q4 FY26) vs ₹127.46 (Q1 FY26)
- Tax expense: ₹16.90 (Q1 FY27) vs ₹20.63 (Q4 FY26) vs ₹34.42 (Q1 FY26)
- Profit after tax: ₹61.90 (Q1 FY27) vs ₹89.38 (Q4 FY26) vs ₹93.04 (Q1 FY26)
- Total Comprehensive Income: ₹62.21 (Q1 FY27) vs ₹97.23 (Q4 FY26) vs ₹97.90 (Q1 FY26)
Per Share Data (Face value ₹5 each):
- Basic EPS: ₹1.57 (Q1 FY27) vs ₹2.26 (Q4 FY26) vs ₹2.48 (Q1 FY26)
- Diluted EPS: ₹1.57 (Q1 FY27) vs ₹2.26 (Q4 FY26) vs ₹2.48 (Q1 FY26)
Subsidiary Information
The Company has investments in three wholly-owned subsidiaries:
- Tolin Rubbers Private Limited (acquired April 2023)
- Tolins Tyres LLC, Ras Al Khaimah, United Arab Emirates (One Person Company, acquired April 2023)
- Terra Rubber Private Limited (100% equity stake acquired in October 2025, with additional equity investment of ₹6 Lakhs on May 06, 2026)
The Company continues to retain 100% holding in all three subsidiaries.
Segment Information
The Group operates in a single reportable segment - manufacture and sale of tyres and related rubber products.
Geographical Revenue Breakdown (₹ Millions):
- India: ₹692.78 (Q1 FY27) vs ₹635.06 (Q4 FY26) vs ₹778.85 (Q1 FY26)
- United Arab Emirates: ₹99.88 (Q1 FY27) vs ₹144.82 (Q4 FY26) vs ₹118.58 (Q1 FY26)
- Total Revenue: ₹792.66 (Q1 FY27) vs ₹779.88 (Q4 FY26) vs ₹897.43 (Q1 FY26)
Segment Results (₹ Millions):
- India: ₹68.10 (Q1 FY27) vs ₹76.66 (Q4 FY26) vs ₹96.67 (Q1 FY26)
- United Arab Emirates: ₹13.83 (Q1 FY27) vs ₹35.54 (Q4 FY26) vs ₹34.14 (Q1 FY26)
- Total Segment Results: ₹81.93 (Q1 FY27) vs ₹112.20 (Q4 FY26) vs ₹130.81 (Q1 FY26)
Auditor Review
P.T. Joseph & Co., Chartered Accountants (Firm Registration No.: 001391S) issued unmodified review reports for both standalone and consolidated financial results. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.
For the consolidated results, the auditors relied on:
- Review report of other auditors for Tolins Tyres LLC (UAE subsidiary with revenue of ₹99.89 million, net profit of ₹13.81 million)
- Review report of other auditors for Tolin Rubbers Private Limited (subsidiary with revenue of ₹334.34 million, net profit of ₹18.15 million)
Capital Structure
Paid-up Equity Share Capital remains unchanged at ₹197.54 million (Face value of ₹5 each) across all periods presented.