TCM Limited reported a consolidated net loss of ₹598.71 lakh for the financial year ended March 31, 2026, a significant decline from the net profit of ₹139.93 lakh recorded in the previous year. The company's revenue from operations for FY26 stood at ₹1,973.84 lakh, down from ₹2,600.61 lakh in FY25. The Board of Directors approved the audited standalone and consolidated financial statements at its meeting held on May 26, 2026.

Financial Performance

The standalone financial results for FY26 reflected a net loss of ₹362.56 lakh, contrasting with a net profit of ₹314.92 lakh in the prior year. Revenue from operations for the standalone entity decreased to ₹1,723.48 lakh from ₹2,472.74 lakh in FY25. Total income for the year stood at ₹1,853.27 lakh, compared to ₹2,950.82 lakh in the previous year.

For the quarter ended March 31, 2026, the company reported a standalone net loss of ₹127.17 lakh, while the consolidated net loss for the same period was ₹162.65 lakh.

Key Financial Metrics (Standalone)

Segment Performance

The company operates across three primary segments: Trading, Manufacturing, and Real Estate. The Manufacturing segment generated the highest revenue at ₹1,054.46 lakh, followed by Trading at ₹471.13 lakh and Real Estate at ₹197.89 lakh for the standalone entity in FY26. However, the Trading segment reported a loss of ₹1.23 lakh, while Manufacturing and Real Estate posted profits of ₹41.34 lakh and ₹74.33 lakh respectively.

Corporate Developments

During the year, the company entered a binding memorandum of understanding to acquire 100% shareholding in Better Feeds Private Limited for a consideration of ₹765 lakhs. As of March 31, 2026, the company had paid an advance of ₹119.76 lakhs towards this proposed acquisition. The Board also appointed M/s Jomy Saimon and Associates, Chartered Accountants, as the Internal Auditors for FY 2026-27.

The Independent Statutory Auditors, SGM & Associates LLP, issued an audit report with an unmodified opinion on the standalone and consolidated financial statements.

TCM Limited has informed the Bombay Stock Exchange about the cancellation of a major solar photovoltaic installation project worth Rs 7,92,07,425 from CIAL Infrastructures Limited. The announcement was made on 30th April 2026 under Regulation 30 of SEBI's listing requirements.

Contract Details and Scope

The cancelled work order was originally awarded on 17th September 2025 for a comprehensive solar PV project at CIAL Nayathode site. The project scope encompassed design, installation, testing and commissioning of solar PV ground mounted installations with partial departmental supply of components including solar PV modules, inverters, and CSS.

Termination Details

CIAL Infrastructures Limited served the termination notice on 28th April 2026, which was received by TCM on 30th April 2026. The cancellation was attributed to circumstances beyond CIAL's control, which had been communicated through various review meetings prior to the termination.

The termination letter referenced work order number CIL/FIN/WO/2025-26/16 dated 9th September 2025 and requested TCM to submit details of work executed till date within 15 days for final settlement processing.

Settlement and Financial Impact

As per the termination terms, TCM is required to provide comprehensive documentation including:

• Details of work executed till date
• Measurements and records
• Drawings and supporting documents

The settlement process will be governed by contractual provisions, with performance and security deposits to be released according to contract terms. Any eligible payments and adjustment or recovery of dues will be processed as per the original contract conditions.

Revenue Impact

The contract cancellation will have a direct impact on TCM's financial performance, as the company stated that the turnover of Rs 7,92,07,425 excluding GST will not be reflected in their billings. This represents a significant revenue loss for the company, particularly given the substantial value of the cancelled project.

The cancellation follows TCM's original corporate announcement dated 17th September 2025 regarding the receipt of this solar PV installation project, highlighting the volatility in project-based business operations.