TBI Corn Limited reported a net profit of ₹1836.04 lakh for the year ended March 31, 2026, a 36.7% increase from ₹1363.29 lakh in the prior year, driven by a 42% rise in revenue from operations to ₹30334.14 lakh. The company’s operating cash flow turned positive at ₹33.41 crore, compared to a negative ₹29.56 crore in FY25, reflecting improved liquidity from operations. Management has set a target of 35% CAGR till FY28, supported by capacity expansion and operational efficiency.

Investor Meeting Details

The company held a virtual meeting with investors and analysts on June 03, 2026, to discuss the audited standalone and consolidated financial results. Key executives present included Mr. Yogesh Laxman Rajhans, Managing Director, and Mr. Ninad Anand Yedurkar, Whole-time Director & CFO. The transcript of the earnings call is available on the company's website.

Standalone Financial Performance

For the full year, the company recorded a total income of ₹30427.44 lakh, up from ₹21370.87 lakh in the previous year. Total expenses for the period stood at ₹27982.38 lakh compared to ₹19542.63 lakh in FY25. Profit before tax for the year was ₹2445.05 lakh, while the tax expense amounted to ₹609.01 lakh. Earnings per share (EPS) for the year increased to ₹10.11 from ₹7.51 in the previous year.

Consolidated Results

On a consolidated basis, the group reported a net profit of ₹1860.67 lakh for the year ended March 31, 2026, compared to ₹1363.32 lakh in the previous year. Total income from operations rose to ₹30463.79 lakh from ₹21386.81 lakh. The consolidated financial results include the performance of subsidiaries such as Agri pivot Venture Private Limited, Dhar Venture Private Limited, and Revita Starch Private Limited.

Operational Highlights and Guidance

The company’s total milling capacity stands at 390 tonnes per day (TPD) across three plants, with an additional 40 TPD in Malkapur operationalized at the end of March 2026. Capacity utilization for FY26 was 72%. Management indicated that the old Sangli plant is running at 96-97% utilization, while newer plants are ramping up. The company aims to increase direct procurement of maize to improve margins, having reached 25% in FY26.

TBI Maize Processors Private Limited, a 100% export-oriented unit, became operational in FY26 and generated a revenue of approximately ₹12 crore. The company plans to consolidate this subsidiary into TBI Corn Limited in the first half of FY27. Management targets exports to contribute 20% of total revenue in the future, up from the current 10%. The company also aims to increase corn germ extraction to 5.5% in FY27 from the current 4.5% to boost margins.

IPO Proceeds Utilization

The company provided a utilization certificate for its Initial Public Offer (IPO) proceeds, which totaled ₹4493.99 lakh. As of March 31, 2026, the company had utilized ₹4408.99 lakh, with ₹85 lakh remaining unutilized and lying in the company’s Cash Credit Account. The funds were primarily deployed for the expansion of the existing unit and meeting incremental working capital requirements.

Financial Position

As of March 31, 2026, the company’s total assets stood at ₹23583.56 lakh, compared to ₹18002.48 lakh in the previous year. Shareholders' equity increased to ₹11975.52 lakh from ₹10139.48 lakh. Cash and cash equivalents surged to ₹1828.93 lakh from ₹25.08 lakh.

TBI Corn Limited has submitted its compliance certificate to the National Stock Exchange of India Limited regarding the Structured Digital Database (SDD) for the financial year ended March 31, 2026. The filing, dated May 22, 2026, confirms the company's adherence to Regulation 3(5) and 3(6) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The company noted that Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is not applicable as its securities are listed on the SME Platform.

Compliance Certification

The certificate was issued by H M & Associates, Practicing Company Secretaries, based in Ahmedabad. The firm certified that tbi corn has implemented a Structured Digital Database in place with controlled access. The system is designed to be non-tamperable and maintains records for a period of eight years. An audit trail is preserved internally to ensure data integrity.

UPSI Event Capture

During the period from April 1, 2025, to March 31, 2026, the company was required to capture four events involving Unpublished Price Sensitive Information (UPSI). The certification confirms that all four events were successfully recorded in the database. The system captured the nature of the UPSI along with the precise date and time of dissemination.

The certification explicitly states that no non-compliance was observed in the previous quarter or financial year ended. The Managing Director, Yogesh Laxman Rajhans, signed the submission to the exchange.