Times Green Energy FY26 Results: Revenue falls 45%, profit drops 45%
- Revenue fell 45% YoY to ₹2,206.07 lakh due to lower agri-trading volumes
- Net profit declined 45% to ₹22.13 lakh from ₹39.91 lakh in FY25
- Company fully repaid ₹312 lakh long-term debt using rights issue proceeds
- Paid-up capital expanded to ₹557.44 lakh via rights and bonus issues
- Board recommends no dividend; proposes ₹30 crore NCD issue at 18% coupon
*this image is generated using AI for illustrative purposes only.
Times Green Energy reported a 45% year-on-year decline in revenue for the financial year ended March 31, 2026, driven by lower trading volumes in its agri-produce business. The company posted a net profit of ₹22.13 lakh, down from ₹39.91 lakh in the previous year.
The Hyderabad-based firm significantly strengthened its balance sheet during the period. It raised ₹898.56 lakh through a rights issue at ₹80 per share and allotted bonus shares in a 1:1 ratio. These capital infusions allowed the company to fully repay long-term borrowings of ₹312 lakh, reducing its debt-equity ratio to 0.02 from 0.09.
Financial Performance
Revenue from operations fell to ₹2,206.07 lakh from ₹4,003.50 lakh in FY25. Total income decreased to ₹2,206.26 lakh against ₹4,009.56 lakh previously. Profit before tax stood at ₹30.26 lakh, compared to ₹52.92 lakh in the prior year. Depreciation expenses rose slightly to ₹3.57 lakh from ₹2.09 lakh.
| Metric | FY26 (₹ Lakh) | FY25 (₹ Lakh) | Change |
|---|---|---|---|
| Revenue | 2,206.07 | 4,003.50 | -44.9% |
| Net Profit | 22.13 | 39.91 | -44.5% |
| Total Assets | 6,988.19 | 4,878.09 | +43.3% |
Balance Sheet Signals
Total assets grew by 43% to ₹6,988.19 lakh, while shareholders' equity increased by 27% to ₹4,338.55 lakh. The company's paid-up capital expanded from ₹166.40 lakh to ₹557.44 lakh following the equity issuances. Current liabilities rose sharply to ₹2,649.64 lakh from ₹1,047.23 lakh, primarily due to higher trade payables and advances from customers.
What the Numbers Show
The divergence between the sharp decline in revenue and the significant increase in current liabilities highlights a working capital strain. Trade receivables more than doubled to ₹2,871.76 lakh from ₹1,494.93 lakh, while trade payables surged to ₹2,272.44 lakh from ₹977.67 lakh. This suggests that despite lower sales volumes, the company is extending more credit to buyers or facing delayed collections, necessitating higher supplier credit to fund operations.
Corporate Actions
The board recommended no dividend for FY26 to conserve resources for growth. The company also proposed raising up to ₹30 crore through non-convertible debentures carrying an 18% coupon rate. Additionally, shareholders approved alterations to the memorandum of association to expand into agricultural exports and renewable energy projects.
The sixteenth annual general meeting is scheduled for September 14, 2026, in Hyderabad. Statutory auditors M/s TRAK & Associates were appointed for a five-year term.
Historical Stock Returns for Times Green Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | -2.29% | 0.0% | 0.0% | 0.0% | 0.0% |
How will the proposed ₹30 crore non-convertible debenture issuance at an 18% coupon rate impact the company's future interest coverage ratios and overall debt sustainability?
What specific strategies is Times Green Energy implementing to address the sharp increase in trade receivables and mitigate the associated working capital strain?
Given the approved expansion into agricultural exports and renewable energy, what is the projected timeline for these new ventures to contribute meaningfully to revenue growth?
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