Texmo Pipes and Products Limited reported a 35.5% year-on-year decline in net profit to ₹112.60 crore for the financial year ended March 31, 2026. Revenue from operations for the year decreased by 3.7% to ₹3,525.88 crore, down from ₹3,660.60 crore in the previous year. The board approved the audited standalone and consolidated financial results for the fourth quarter and fiscal year 2026 at its meeting held on May 28, 2026. The company published the extract of these audited financial results in Free Press (English) and Choutha Sansar (Hindi) on May 30, 2026, under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net profit of ₹5.05 crore, a significant drop from ₹51.47 crore in the same period last year. Revenue from operations for the quarter stood at ₹951.85 crore, compared to ₹908.13 crore in the corresponding quarter of the previous year. Total income for the quarter was ₹965.57 crore. On a consolidated basis, the net profit for the year was ₹139.02 crore, while revenue from operations was ₹3,757.07 crore.

Operational Metrics

The company's total expenses for FY26 increased to ₹3,409.24 crore from ₹3,524.17 crore in FY25. Key expense components included the cost of materials consumed at ₹2,099.21 crore and employee benefits expenses amounting to ₹277.05 crore. Finance costs for the year were ₹38.95 crore. The board also appointed M/s Saurabh Parikh & Associates as the Cost Auditor and Mrs. Neha Shroff as the Internal Auditor for FY 2026-27.

Auditor's Report

The Statutory Auditors, M/s Anil Kamal Garg & Company, issued an audit report with an unmodified opinion on the audited financial results. The report confirms that the financial statements present a true and fair view of the company's affairs in conformity with Indian Accounting Standards (Ind AS). The trading window for designated persons will remain closed until June 1, 2026, in accordance with SEBI regulations.

Texmo Pipes and Products Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The submission, made on April 15, 2026, fulfills the company's regulatory obligations regarding securities dematerialization and rematerialization details.

Regulatory Compliance Submission

The company has furnished the required certificate to both the National Stock Exchange of India Limited and Bombay Stock Exchange Limited. Company Secretary and Compliance Officer Ajay Shrivastava signed the compliance document, confirming that all necessary details have been provided to the stock exchanges where the company's shares are listed.

Registrar Confirmation

KFin Technologies Limited, acting as the Registrar and Share Transfer Agent for Texmo Pipes and Products Limited, has provided confirmation certificates to both major depositories. The registrar submitted separate certificates to Central Depository Services (India) Limited and National Securities Depository Limited on April 3, 2026.

C. Shobha Anand, Vice President at KFin Technologies Limited, signed both depository certificates confirming compliance with SEBI regulations. The certificates verify that details of securities dematerialized and rematerialized during the quarter ended March 31, 2026, have been furnished to all relevant stock exchanges.

SEBI Regulation 74(5) Requirements

Under SEBI (Depositories and Participants) Regulations 2018, companies are required to submit quarterly certificates detailing securities dematerialization and rematerialization activities. This regulatory requirement ensures transparency in share transfer processes and maintains accurate records of securities held in electronic form.

The compliance submission demonstrates Texmo Pipes and Products Limited's adherence to regulatory frameworks governing securities market operations. The company's timely submission of required documentation reflects its commitment to maintaining proper corporate governance standards and regulatory compliance.