tci industries has reported its audited financial results for the quarter and year ended March 31, 2026. The company returned to profitability in FY26, recording a net profit of ₹48.69 lakh against a net loss of ₹224.03 lakh in the previous fiscal year. Revenue from operations for the year rose significantly to ₹506.12 lakh, up from ₹283.02 lakh in FY25.

Financial Performance for FY26

The company's total income for the year stood at ₹520.41 lakh, a substantial increase from ₹296.17 lakh in the previous year. Total expenses for FY26 were reported at ₹471.72 lakh, compared to ₹520.20 lakh in FY25. The profit before tax for the year was ₹48.69 lakh, a turnaround from the loss before tax of ₹224.03 lakh in the preceding year.

Key Financial Metrics

Quarterly Results

For the fourth quarter ended March 31, 2026, TCI Industries posted a net profit of ₹30.05 lakh. This compares to a net loss of ₹85.95 lakh in the same quarter of the previous year. Revenue from operations for Q4 FY26 was ₹176.51 lakh, up from ₹109.87 lakh in Q4 FY25. The company's earnings per share (EPS) for the quarter was reported at ₹3.35 basic and diluted.

Corporate Developments

The Board of Directors, in its meeting held on May 19, 2026, approved the audited financial results. Additionally, the board approved the resignation of Mr. Sunil K. Warerkar as Whole-time Director effective from the close of business hours on June 30, 2026. The board also appointed Mr. Samir Thete as President of the company with effect from May 19, 2026, and re-appointed M/s Gokhale & Sathe as internal auditor for FY 2026-27.

Mr. Thete is a Science graduate with a B.Sc. degree and holds a Post Graduate Diploma in Business Management and Human Resource Management. He brings over 25 years of experience, including 6 years in Physical Security, 9 years in Administration and Procurement, and the latest 9 years in Business Operations, Project Operations, Client Management, Sales, and Liaisoning.

Balance Sheet and Cash Flows

As of March 31, 2026, the company's total assets stood at ₹1,905.77 lakh, compared to ₹1,764.03 lakh in the previous year. Total equity increased to ₹1,535.88 lakh from ₹1,299.31 lakh. Cash and cash equivalents at the end of the year were reported at ₹101.43 lakh, a significant rise from ₹25.66 lakh at the end of FY25. The net cash generated from operating activities for the year was ₹25.33 lakh.

TCI Industries Limited has announced the resignation of Mr. Sunil Kamalakar Warerkar from the position of Whole Time Director, designated as Executive Director. The company's Board of Directors approved the resignation during a meeting held on Tuesday, 19 May 2026. The decision was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Warerkar's resignation is effective from the closing hours of 30 June 2026. He submitted his resignation letter, dated 31 March 2026, citing personal reasons for stepping down. The Director Identification Number (DIN) for the outgoing director is 02088830. The company has confirmed that the necessary disclosures have been attached and the information is available on its official website.

Resignation Details

The resignation follows previous discussions held during a Board meeting on 14 November 2025. At that time, Mr. Warerkar had initially requested to be relieved effective 31 December 2025. However, following discussions with the management, he agreed to continue his tenure until 30 June 2026.

In his resignation letter, Mr. Warerkar expressed gratitude to the company promoters and the Board for the support and guidance received during his service. He also noted that he is leaving the company with a strong financial position compared to earlier years, highlighting a record revenue of Rs. 5 Cr + and an estimated net profit for the year.

Key Timeline

The outgoing director wished the company success in its ongoing legal matters and expressed hope for the monetization of assets and increased revenue in the fiscal year 2026-27.