Tecil Chemicals & Hydro Power reported a net loss of ₹21.24 lakh for the quarter ended June 30, 2026 (Q1FY27), widening significantly from the ₹7.82 lakh loss recorded in Q1FY26. The deterioration in profitability was driven largely by a non-operational charge rather than core business performance.

Financial Performance

The company recorded zero revenue from operations for the quarter. Total income stood at ₹25.14 lakh, derived entirely from other income sources. This includes a gain of approximately ₹25.13 lakh from the compulsory acquisition of land by the government, recognized as other income during the period.

Total expenses rose sharply to ₹46.38 lakh, up from ₹7.82 lakh in the corresponding quarter of FY26. The surge in expenses was dominated by a ₹38.90 lakh write-off charged to the Statement of Profit and Loss. This amount represents a portion of a building with a total value of ₹71.63 lakh that has lost its utility and is expected to yield no future economic benefits.

For the full year ended March 31, 2026 (FY26), the company posted an audited net loss of ₹42.47 lakh. Basic earnings per share for Q1FY27 were negative at (₹0.11) per share, compared to (₹0.04) in Q1FY26.

What the Numbers Show

The financial results highlight a stark divergence between operational stability and balance sheet adjustments. While employee benefit expenses remained relatively flat at ₹3.05 lakh (versus ₹2.93 lakh in Q1FY26), the total expense line expanded nearly six-fold year-on-year. This expansion is attributable almost entirely to the one-time asset write-off, indicating that the underlying cash burn rate for daily operations remains contained despite the headline loss widening.

Corporate Governance Updates

The Board of Directors, meeting on August 12, 2026, approved several key administrative decisions:

• Director Reappointments: The board proposed the reappointment of Mr. Varghese Kurian as Managing Director and Chairman, Mrs. Lizhyamma Kurian as Whole-time Director, Mr. Jeeben Varghese Kurian as Executive Director and CEO, and Mr. Shaji Kalladayil Mathew as Whole-time Director. All appointments are for a five-year term, subject to shareholder approval at the Annual General Meeting (AGM).
• Internal Auditor: Mr. M.K. Suresh, Chartered Accountant, was reappointed as Internal Auditor for FY27.
• AGM Details: The 81st AGM is scheduled for September 24, 2026, at 2:30 pm at The Palms Hotel, Chingavanam. The book closure period runs from September 18 to September 24, 2026.

The unaudited standalone financial results were reviewed by the Audit Committee and approved by the Board. Statutory Auditors S R Pai & Co provided a limited review report with an unmodified opinion.

TECIL Chemicals & Hydro Power Limited reported a net loss of ₹38.74 lakh for the financial year ended March 31, 2026, compared to a net loss of ₹7.29 lakh in the previous year. Revenue from operations for FY26 stood at ₹0.01 lakh, remaining flat year-on-year. The company’s total comprehensive income for the period was a loss of ₹38.79 lakh.

The Board of Directors approved the audited standalone financial results at a meeting held on May 27, 2026. The Audit Committee reviewed and recommended the results. Statutory auditors M/s. S.R. Pai & Co. provided the audit report with an unmodified opinion. The financial results were prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company reported an operating profit before working capital changes of ₹38.80 lakh for the year. Net cash generated from operating activities was ₹66.38 lakh. The cash and cash equivalents at the end of the year stood at ₹0.59 lakh, down from ₹0.79 lakh at the beginning of the year. Total borrowings as of March 31, 2026, were ₹129.26 lakh, comprising non-current liabilities of ₹120.26 lakh and current liabilities of ₹9.02 lakh.

Financial Performance for FY26

The following table outlines the key financial metrics for the standalone audited results for the year ended March 31, 2026:

Asset and Liability Position

As of March 31, 2026, the company’s total assets were valued at ₹433.00 lakh. Non-current assets included property, plant, and equipment amounting to ₹339.12 lakh. Current assets were primarily composed of other financial assets at ₹92.10 lakh and trade receivables. The equity and liabilities section showed a negative other equity balance of ₹1,867.28 lakh, resulting in a total equity of ₹(1,677.28) lakh. Current liabilities totaled ₹100.77 lakh, which included trade payables and other current liabilities.