TPI India Ltd (500421)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, TPI India's revenue was ₹8.7 Cr (+27.3% year on year, -11.6% on the previous quarter), and net profit ₹0.4 Cr (against a loss a year earlier); the operating margin was 9.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹8.7 | +27.3% | -11.6% |
| Operating profit | ₹0.8 | +126.7% | -62.6% |
| Net profit | ₹0.4 | from loss | -79.1% |
| EPS (₹) | 0.09 | from loss | -79.5% |
| Operating margin | 9.1% | — | — |
📢 Recent Corporate Announcements
TPI India Ltd has issued a clarification to the BSE under Regulation 30 regarding unauthorised and speculative messages circulating on Telegram. The company confirmed it has not authorised, approved, or endorsed any such communications and possesses no unpublished price-sensitive information (UPSI). Investors are advised to rely strictly on official stock exchange disclosures and the company website. Financially, TPI India operates on a modest scale with a market cap of ₹79 Cr and negative net worth of ₹-12 Cr.
- Clarification filed with BSE on October 13, 2026 under Regulation 30
- Company denies authorizing any individual, group, or Telegram channel to disseminate information
- Company stated it is not aware of any undisclosed price sensitive information (UPSI)
- Advises stakeholders to rely exclusively on official disclosures filed under BSE scrip code 500421
TPI India reported Q1 FY27 revenue from operations of ₹8.71 Cr (₹870.71 Lakhs), rising 27.4% YoY from ₹6.83 Cr in Q1 FY26. Net profit turned around to ₹0.39 Cr (₹39.02 Lakhs) compared to a net loss of ₹0.11 Cr (₹10.78 Lakhs) in the year-ago period. However, the statutory auditor issued emphasis of matter regarding completely eroded net worth (going concern risk) and highlighted loan repayment defaults of ₹40.89 Lakhs in principal and ₹1.92 Lakhs in interest. Additionally, the auditor noted that quarterly profit is overstated by ₹9.83 Lakhs due to unrecognised tax expense.
- Revenue from operations rose 27.4% YoY to ₹870.71 Lakhs from ₹683.40 Lakhs in Q1 FY26.
- Net profit stood at ₹39.02 Lakhs (EPS ₹0.09) versus a net loss of ₹10.78 Lakhs in Q1 FY26.
- Statutory auditor flagged overdue term loan installments of ₹40.89 Lakhs and overdue interest of ₹1.92 Lakhs.
- Auditor drew attention to going concern assumption as accumulated losses have completely eroded net worth.
- Unrecognised tax expense of ₹9.83 Lakhs resulted in an overstatement of reported net profit for the quarter.
TPI India reported Q1 standalone revenue from operations of ₹8.71 crore, up 27.4% YoY from ₹6.83 crore in Q1 FY26, though down 11.6% QoQ. Net profit turned positive at ₹0.39 crore compared to a net loss of ₹0.11 crore in the year-ago period. However, the statutory auditor issued critical emphasis of matter remarks, noting complete net worth erosion and defaults on term loan principal of ₹40.89 lakh and interest of ₹1.92 lakh. Additionally, the auditor flagged an unprovided tax expense of ₹9.83 lakh, which led to an overstatement of quarterly net profit.
- Revenue from operations rose 27.4% YoY to ₹8.71 crore (₹870.71 lakh) compared to ₹6.83 crore in Q1 FY26.
- Net profit stood at ₹0.39 crore (₹39.02 lakh) versus a net loss of ₹0.11 crore (₹-10.78 lakh) in Q1 FY26.
- Auditor flagged overdue term loan principal of ₹40.89 lakh and overdue interest of ₹1.92 lakh.
- Statutory auditor noted ₹9.83 lakh in unrecognised tax expenses, overstating the reported profit for the quarter.
- Auditor highlighted going concern risk due to full erosion of company net worth against accumulated losses.
TPI India Ltd has scheduled a board meeting for August 14, 2026, to consider and approve the unaudited standalone financial results for the quarter ended June 30, 2026. The company is coming off a relatively strong FY26 where it reported a net profit of Rs 2.49 Cr on a revenue of Rs 34.0 Cr. Investors will be monitoring if the company can sustain the high operating profit margin of 12% achieved in the previous fiscal year. Given the company's negative net worth of Rs -12 Cr, consistent quarterly profitability is essential for financial recovery.
- Board meeting scheduled for August 14, 2026, to review Q1 FY27 results
- Company reported a TTM revenue of Rs 34 Cr and PAT of Rs 2 Cr
- March 2026 quarter saw a significant net profit of Rs 1.87 Cr
- Operating profit margin stood at 12.0% for the trailing twelve months
- Company currently operates with a negative net worth of Rs -12 Cr
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