TCI Industries Limited returned to profitability in the financial year ended 31 March 2026, reporting a net profit of ₹48.69 lakhs compared to a net loss of ₹224.03 lakhs in the previous year. The company’s revenue from operations rose 78.83% to ₹506.12 lakhs from ₹283.02 lakhs, driven by efforts to scale operations and expand market reach. The improved financial performance was primarily attributed to the significant increase in revenue, which contributed positively to overall profitability and strengthened business momentum.

The company’s profit before interest, depreciation, and tax (EBITDA) stood at ₹107.63 lakhs, a turnaround from a negative EBITDA of ₹184.89 lakhs in the previous year. Finance costs increased to ₹20.77 lakhs from ₹15.90 lakhs, while depreciation expenses rose to ₹38.17 lakhs from ₹23.24 lakhs. The board of directors has recommended the re-appointment of Shri Dharmpal Agarwal and Shri Vikas Agarwal, who retire by rotation at the upcoming Annual General Meeting.

Financial Performance

The summarized standalone results for the financial year ended 31 March 2026 are as follows:

Operational Review

During the year, the company focused on upgrading infrastructure through substantial investments and reaching out to new customer segments. The company completed repairs and reconstruction of the sea-retaining wall and filled up the washed-out area with finished concrete, which has started generating revenue. Looking ahead, the company plans to further improve infrastructure and carry out necessary repairs and renovations to attract a broader range of customer segments.

Corporate Governance

The board met five times during the financial year 2025-26. The company has constituted the Audit Committee, Nomination and Remuneration Committee, Stakeholders’ Relationship Committee, and Risk Management Committee. The statutory auditors, M/s. V. Singhi & Associates, Chartered Accountants, were appointed for a second term of five years. The secretarial audit report for the year did not contain any qualifications, reservations, or adverse remarks.

TCI Industries Limited has accepted the resignation of Mr. Sunil Kamalakar Warerkar from the position of Whole-time Director, effective from the close of business hours on 30 June 2026. The resignation, attributed to personal reasons, was communicated to the stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed that Mr. Warerkar, who was designated as Executive Director, had initially submitted his resignation on 31 March 2026 following a board meeting on 14 November 2025 where he agreed to extend his tenure.

Mr. Warerkar referenced his appointment letter dated 16 January 2025, which required a three-month notice period. While he initially requested to be relieved on 31 December 2025, he subsequently agreed to continue until 30 June 2026 after discussions with the management. The filing confirmed that the cessation of his directorship took effect on the stipulated date in June 2026.

In his resignation letter, Mr. Warerkar highlighted the financial state of the company at the time of his departure. He stated that he was leaving the organization with a strong financial position compared to earlier years, noting a record revenue of Rs. 5 Cr plus and an estimated net profit for the year ending. He also expressed optimism regarding the company's future revenue growth for the year 2026-27 and the resolution of ongoing legal matters.

Key Details of Resignation

The disclosure was made by Anisha Dad, Company Secretary and Compliance Officer of TCI Industries . The information has been disseminated to BSE Limited and is also available on the company's official website.