Telge Projects Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results at a meeting held on May 18, 2026. On a consolidated basis, the company reported a net profit of ₹5.9 crore for FY 2025-26, compared to ₹5.2 crore in the previous year. Consolidated revenue from operations grew significantly to ₹40.2 crore from ₹25.6 crore in FY 2024-25, reflecting strong business momentum driven by increased project execution and expansion of operations. The statutory auditors, R.M. Rajapurkar & Co., issued an unmodified opinion on both the standalone and consolidated financial results.

Consolidated Financial Performance

The company's consolidated financials for the full year and the quarter ended March 31, 2026 are summarised below:

For the quarter ended March 31, 2026, the consolidated revenue from operations stood at ₹14.4 crore, with a net profit of ₹3.3 crore. The consolidated cash and cash equivalents at the end of the year stood at ₹22.5 crore, up from ₹1.5 crore at the beginning of the year.

Standalone Financial Performance

On a standalone basis, the company reported a net profit of ₹242.64 lakh for FY 2025-26, compared to ₹345.72 lakh in the previous year. Standalone revenue from operations for the year increased to ₹2,057.46 lakh from ₹1,688.31 lakh. The standalone results for Q4 FY26 reflect revenue of ₹590.83 lakh and a net profit of ₹84.90 lakh.

The standalone balance sheet reflects total assets of ₹4,778.29 lakh as at March 31, 2026, compared to ₹2,132.09 lakh in the prior year. Cash and cash equivalents on a standalone basis stood at ₹1,814.00 lakh at year-end, up from ₹61.36 lakh.

IPO and Fund Utilisation

During the year, the company completed its Initial Public Offer (IPO) and raised ₹2,724.12 lakh (gross), with net proceeds of ₹2,446.29 lakh after issue expenses of ₹278 lakh. Shares were listed on the SME Platform of BSE Limited. The utilisation of IPO proceeds as on March 31, 2026 is detailed below:

The company approved a deviation in IPO fund utilisation through a Postal Ballot, which was approved on March 21, 2026.

Operational Highlights and Acquisitions

The growth in consolidated revenue is primarily attributed to increased execution of projects, expansion of business operations, and strengthening of delivery capabilities. On March 3, 2026, the Group completed the acquisition of Edward Farr Architects Inc., USA, a step-down subsidiary engaged in architectural design and related services in the United States. The results of this entity have been consolidated from the date of acquisition. The Group's consolidated subsidiaries include Telge Projects Inc. (USA, 90.86% holding), and its wholly owned step-down subsidiaries — DRAFTCO Inc., Midwest Detailing LLC, and Ed FAR Arch. (all incorporated in the United States of America).

Management Guidance and Outlook

During the earnings conference call held on May 19, 2026, management provided guidance for the upcoming financial year. The company is confident to achieve a 60% to 70% CAGR growth in FY 2026-27. Management stated that they aim to maintain the Q4 performance levels, with EBITDA margins of approximately 35% and PAT margins between 20% to 23%. The current active order book stands at approximately ₹25 crore, with a pipeline of ₹6 crore in the bidding stage. Approximately 80% of the order book is from the US region. The company added around 20 new clients in the March quarter, all from the US.

Board Decisions

At the May 18, 2026 board meeting, the Board approved the re-appointment of Mr. Vinayak Sahebrao Mane as Internal Auditor for FY 2026-27, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with Section 138 of the Companies Act, 2013. The re-appointment was made based on the recommendation of the Audit Committee. The key details of Mr. Mane's profile and re-appointment are as follows:

The Board also approved the re-appointment of M/s KPN & Associates, Practicing Company Secretaries, as Secretarial Auditor for FY 2026-27. KPN & Associates holds a Peer Review Certificate (No. 4544/2023) and has over 11 years of professional experience in corporate governance and compliance.

Telge Projects Limited has approved the re-appointment of KPN & Associates, Company Secretaries, as its Secretarial Auditor for the financial year 2026-27. The decision was taken by the Board of Directors during its meeting held on May 18, 2026, based on the recommendation of the Audit Committee. The re-appointment is pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Details of the Appointment

The Board formally re-appointed the firm on May 8, 2026. KPN & Associates is a renowned firm of Practising Company Secretaries registered with the Institute of Company Secretaries of India. The firm holds a Peer Review Certificate No. 4544/2023.

Firm Profile and Expertise

KPN & Associates possesses over 11 years of professional experience in corporate governance, compliance, and advisory services. Their areas of expertise include company law and secretarial practice, SEBI compliances, capital market operations, compliance audit, secretarial audit, and corporate and organisational planning. The firm confirmed that it is not related to any Director of the Company.

Key Information