TPI India Limited Publishes Audited Financial Results for Quarter and Year Ended March 31, 2026
TPI India Limited published its audited standalone financial results for the quarter and year ended March 31, 2026, in The Free Press Journal and Navshakti Mumbai on May 10, 2026, pursuant to SEBI (LODR) Regulations, 2015. For the full year ended March 31, 2026, total income from operations stood at Rs. 3,427.87 lakhs, compared to Rs. 3,020.21 lakhs in the previous year, while net profit for the year was Rs. 249.16 lakhs against Rs. 34.97 lakhs in the prior year. For the quarter ended March 31, 2026, the company reported total income from operations of Rs. 1,010.47 lakhs and net profit of Rs. 186.67 lakhs. The results were approved at the board of directors meeting held on May 08, 2026, and the filing was submitted to BSE Limited on May 11, 2026.

*this image is generated using AI for illustrative purposes only.
TPI India Limited has published its audited standalone financial results for the quarter and year ended March 31, 2026, in The Free Press Journal and Navshakti Mumbai on May 10, 2026. The publication was made pursuant to Regulation 47(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the audit committee of the board and subsequently approved at the board of directors meeting held on May 08, 2026. The statutory auditor's review report has been filed with BSE Limited and is available on both the BSE website and the company's website.
Financial Performance Overview
The company's audited results reflect performance across the quarter and full year ended March 31, 2026. The following table presents the key financial metrics as extracted from the published results (figures in Rs. Lakhs):
| Particulars: | Q4 FY26 (Mar. 31, 2026) Audited | Q3 FY26 (Dec. 31, 2025) Unaudited | Q4 FY25 (Mar. 31, 2025) Audited | FY26 Year Ended Mar. 31, 2026 Audited | FY25 Year Ended Mar. 31, 2025 Audited |
|---|---|---|---|---|---|
| Total Income from Operations: | 1,010.47 | 839.72 | 810.54 | 3,427.87 | 3,020.21 |
| Profit/(Loss) before exceptional and extraordinary items and tax: | 200.15 | 51.46 | 24.57 | 262.64 | 35.95 |
| Profit/(Loss) before extraordinary items and tax: | 186.67 | 51.46 | 23.59 | 249.16 | 34.97 |
| Net Profit/(Loss) for the period after tax: | 186.67 | 51.46 | 23.59 | 249.16 | 34.97 |
| Total Comprehensive Income for the period: | 186.67 | 51.46 | 23.59 | 249.16 | 34.97 |
| Equity Share Capital: | 429.63 | 429.63 | 429.63 | 429.63 | 429.63 |
| Reserves (excl. Revaluation Reserve): | -1,599.65 | -1,599.65 | -1,848.81 | -1,599.65 | -1,848.81 |
Earnings Per Share
The earnings per equity share of Rs. 10/- each (not annualised) for the reported periods are as follows:
| EPS Metric: | Q4 FY26 (Mar. 31, 2026) Audited | Q3 FY26 (Dec. 31, 2025) Unaudited | Q4 FY25 (Mar. 31, 2025) Audited | FY26 Year Ended | FY25 Year Ended |
|---|---|---|---|---|---|
| Basic EPS (Rs.): | 0.43 | 0.12 | 0.06 | 0.58 | 0.08 |
| Diluted EPS (Rs.): | 0.43 | 0.12 | 0.06 | 0.58 | 0.08 |
Key Notes to Financial Results
The company has disclosed the following material notes accompanying the published results:
- The entire operations of the company relate to a single segment, namely polymer-based multiple products; accordingly, Ind AS 108 on segment reporting is not applicable.
- As per Ind AS 12, Deferred Tax Assets have not been recognised in the absence of the company's reliable estimates on sufficient future taxable income.
- In accordance with Ind AS 115 on Revenue, GST is not included in Revenue from Operations.
- The Code on Social Security 2020, though published in the Gazette, has not been notified with operational dates and guidelines; accordingly, its effect has not been considered.
- There are no investor complaints as on March 31, 2026.
- Figures of the previous year have been regrouped and rearranged wherever necessary to conform with the figures for the current year/period.
Regulatory Compliance
The newspaper publication was made in compliance with Regulation 47(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the statement is prepared as per Regulation 13 of the same regulations. The filing was submitted to the Department of Corporate Services (DCS-CRD) of BSE Limited on May 11, 2026. The results and related information are also available on the company's website at www.tpiindia.com . The filing was signed by Bharat C. Parekh, Managing Director (DIN: 02650644), on behalf of TPI India Limited.
Historical Stock Returns for TPINDIA
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.20% | -1.13% | +12.46% | +14.59% | +9.30% | +503.79% |
Given TPI India's significant turnaround with net profit jumping from Rs. 34.97 lakhs to Rs. 249.16 lakhs in FY26, what strategic initiatives or market conditions could sustain this profitability momentum into FY27?
With accumulated reserves still deeply negative at Rs. -1,599.65 lakhs, how long will it realistically take TPI India to achieve positive net worth, and what implications does this have for potential dividend distributions or capital raising?
Since Deferred Tax Assets have not been recognised due to uncertainty around future taxable income, at what profitability threshold might TPI India begin recognising these assets, and how would that impact reported earnings?

































