Teesta Agro Industries Ltd (524204)
Q2 FY27 results
📅 Next results: 31 Oct 2026 (board meeting)Teesta Agro Industries Ltd's board meets on 31 Oct 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Teesta Agro's revenue was ₹38.9 Cr (+4.5% year on year, +19.2% on the previous quarter), and net profit ₹1.0 Cr (+9.7% year on year); the operating margin was 6.5%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹38.9 | +4.5% | +19.2% |
| Operating profit | ₹2.5 | +31.6% | -60.9% |
| Net profit | ₹1.0 | +9.7% | -67.4% |
| EPS (₹) | 1.83 | +10.2% | -67.2% |
| Operating margin | 6.5% | — | — |
📢 Recent Corporate Announcements
Teesta Agro Industries Ltd submitted a regulatory confirmation under Regulation 32(1) of SEBI LODR for the quarter ended September 30, 2026. The company stated that no public issue proceeds were raised via IPO, FPO, Rights Issue, or Preferential Issue during the reporting period. Consequently, the statement of deviation or variation is not applicable for the quarter. The filing also noted that an XBRL submission was not feasible as the system does not allow NIL entries.
- Regulation 32(1) deviation statement declared non-applicable for quarter ended 30th September, 2026
- Zero funds raised through IPO, FPO, Rights Issue, or Preferential Issue during the period
- Company reported inability to submit via XBRL due to portal restrictions on NIL entries
Teesta Agro Industries has issued a notice for its 40th Annual General Meeting (AGM) to be held on August 28, 2026. Key proposals include a 50% increase in Managing Director Hardev Singh's salary to Rs 15 lakh per month and 25% hikes for two Whole-time Directors. The total proposed annual remuneration increase of approximately Rs 84 lakh represents a significant ~10.5% of the company's TTM Net Profit of Rs 8 crore. Shareholders will also vote on the continuation of Mr. Hardev Singh as MD, who is currently 83 years old.
- Proposed increase in MD Hardev Singh's salary from Rs 10,00,000 to Rs 15,00,000 per month effective September 1, 2026.
- Proposed salary hikes for two Whole-time Directors, Mr. Paramdeep Singh and Mr. Inderdeep Singh, from Rs 4,00,000 to Rs 5,00,000 per month.
- Total annual incremental management cost of Rs 84 lakh compared to TTM PAT of Rs 8 crore.
- Shareholder approval sought for MD Hardev Singh to continue in office at the age of 83 years.
- AGM to be held on August 28, 2026; Register of Members closed from August 21 to August 28, 2026.
Teesta Agro Industries has released its FY2025-26 Annual Report, scheduling its 40th AGM for August 28, 2026. The company proposed a significant 50% increase in the Managing Director's salary to Rs 15 lakh per month and a 25% hike for two Whole Time Directors. Crucially, the report details a major capital expenditure for the Jhargram Project with a completion schedule totaling Rs 40 crore through FY2029. Despite a small market cap of Rs 64 crore, the company maintained a net profit of Rs 8 crore on revenues of Rs 226 crore for the fiscal year.
- Proposed increase in Managing Director Mr. Hardev Singh's salary from Rs 10 lakh to Rs 15 lakh per month (Rs 1.8 Cr annually).
- Jhargram Project capital work-in-progress (CWIP) completion schedule totaling Rs 40 crore (Rs 4,000 lakhs) by March 2029.
- Managing Director Mr. Hardev Singh is 83 years old, requiring a special resolution for his continued tenure until 2029.
- Debt-Equity ratio increased to 0.24 from 0.18 due to higher bank account utilization for working capital.
- Reported a Return on Equity (ROE) of 147.72% as per the document's ratio table, though this significantly deviates from standard PAT/Net Worth calculations.
Teesta Agro Industries has filed its Related Party Transaction (RPT) disclosure for the quarter ended June 30, 2026. The company reported total remuneration and contributions to Key Management Personnel (KMP) amounting to approximately Rs 58.9 lac. Additionally, it recorded a rent receipt of Rs 24.31 lac from associate Cama Infra Limited and a hire purchase transaction of Rs 16.19 lac with HSB Leasing Limited. These transactions are minor, representing less than 0.5% of the company's TTM revenue of Rs 226 crore.
- Managing Director Hardev Singh received remuneration of Rs 30.00 lac for the quarter.
- Total payments to four key management personnel totaled Rs 58.9 lac during the period.
- Rent receipt from associate company Cama Infra Limited amounted to Rs 24.31 lac.
- Hire purchase transaction with HSB Leasing Limited recorded at Rs 16.19 lac with a closing balance of Rs 6.28 lac.
Teesta Agro Industries reported a modest 4.5% YoY increase in revenue to Rs 38.92 Cr for Q1 FY27. Net profit grew 9.7% YoY to Rs 1.02 Cr, although it saw a sharp sequential decline from the Rs 3.12 Cr reported in the March 2026 quarter. The company's balance sheet shows a significant seasonal shift, with inventory rising to Rs 99.52 Cr and cash reserves depleting to Rs 2.00 Cr. Short-term borrowings have increased to Rs 29.45 Cr to fund this working capital buildup.
- Revenue from operations increased 4.5% YoY to Rs 38.92 Cr from Rs 37.23 Cr.
- Net profit for the quarter stood at Rs 1.02 Cr, up from Rs 0.93 Cr in the previous year's corresponding quarter.
- Inventory levels surged by Rs 24.66 Cr sequentially to reach Rs 99.52 Cr as of June 30, 2026.
- Cash and cash equivalents dropped significantly from Rs 22.37 Cr in March 2026 to Rs 2.00 Cr in June 2026.
- Short-term borrowings rose by 32.6% during the quarter to Rs 29.45 Cr.
Teesta Agro Industries held its board meeting on July 31, 2026, to approve the unaudited standalone financial results for the quarter ended June 30, 2026. The company, which operates in the fertilizer sector with a market cap of Rs 64 Cr, reported TTM revenue of Rs 226 Cr as of the previous cycle. This meeting is a routine regulatory requirement for quarterly reporting. Investors should compare these results against the June 2025 quarter, which saw a revenue of Rs 37.23 Cr and a net profit of Rs 0.93 Cr.
- Board meeting held on July 31, 2026, to approve Q1 results.
- Meeting duration was 90 minutes, commencing at 11:00 a.m. and concluding at 12:30 p.m.
- Results pertain to the quarter ended June 30, 2026.
- Company maintains a low P/E of 7.7 relative to its TTM EPS of Rs 14.67.
Teesta Agro Industries Ltd has scheduled a board meeting for July 31, 2026, to review and approve the unaudited financial results for the quarter ended June 30, 2026. This is a routine regulatory requirement under SEBI (LODR) Regulations. The meeting will take place at 11:00 AM at the company's corporate office in Kolkata. Investors should monitor the upcoming results for insights into the company's operational performance in the fertilizer sector.
- Board meeting scheduled for July 31, 2026
- Agenda includes approval of results for the quarter ended June 30, 2026
- Meeting time set for 11:00 AM
- Venue is the Corporate Office at 5A, Valmikee Street, Kolkata
Teesta Agro Industries has submitted a regulatory filing confirming the non-applicability of Regulation 32(1) for the quarter ended June 30, 2026. The company reported that no funds were raised through Initial Public Offer (IPO), Further Public Offer (FPO), Rights Issue, or Preferential Issue during this period. As no proceeds were raised, there is no requirement to report any deviation or variation in the utilization of funds. This is a standard procedural disclosure required under SEBI (LODR) Regulations.
- Reporting period covers the quarter ended June 30, 2026
- Zero proceeds raised from IPO, FPO, Rights Issue, or Preferential Issue during the quarter
- Compliance filing submitted under Regulation 32(1) of SEBI (LODR) Regulations, 2015
- Company noted inability to file via XBRL mode due to the form not accepting NIL entries
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