Trishakti Industries Limited reported a 223% year-on-year increase in standalone net profit for the quarter ended September 30, 2026 (Q2FY27). The Kolkata-based company clocked a net profit of ₹518.92 lakh, up from ₹160.63 lakh in the corresponding period last year.

The surge in bottom line was supported by a significant rise in revenue from operations, which more than doubled to ₹1,550.53 lakh from ₹665.07 lakh in Q2FY26. Other income also contributed substantially, rising sharply to ₹326.35 lakh from just ₹3.71 lakh in the previous year's quarter.

Financial Performance Highlights

The company's total revenue for the quarter stood at ₹1,876.88 lakh, reflecting strong growth across both operational and non-operational segments. Below is a comparison of key financial metrics for the quarter:

Consolidated Results

On a consolidated basis, Trishakti Industries reported a net profit of ₹523.49 lakh for Q2FY27, compared to ₹158.74 lakh in Q2FY26. Total consolidated revenue rose to ₹1,883.12 lakh from ₹668.88 lakh in the same period last year. The consolidated earnings per share (EPS) improved to ₹3.13 from ₹0.97.

Balance Sheet and Cash Flow Trends

The company's financial position strengthened significantly during the half-year period. Total assets grew to ₹40,024.09 lakh as of September 30, 2026, up from ₹28,910.35 lakh on March 31, 2026. This expansion was largely driven by an increase in property, plant, and equipment and capital work-in-progress.

Key balance sheet movements include:

• Capital Work in Progress: Increased to ₹7,760.00 lakh from ₹2,581.67 lakh at the start of the fiscal year.
• Cash and Cash Equivalents: Rose to ₹300.46 lakh from ₹57.63 lakh.
• Borrowings: Non-current borrowings increased to ₹7,762.10 lakh from ₹6,526.46 lakh.

The cash flow statement shows that net cash from operating activities for the half-year ended September 30, 2026, was ₹7,486.56 lakh, up from ₹5,268.00 lakh in the corresponding period of the previous year. Investing activities saw an outflow of ₹10,060.67 lakh, primarily due to capital expenditure on property, plant, and equipment.

What the Numbers Show

A notable divergence exists between the growth in operating revenue and other income. While revenue from operations grew 133% YoY, other income surged over 8,700%, contributing nearly 17% of total revenue in Q2FY27. This suggests that non-operational gains played a disproportionately large role in the quarter's profitability spike compared to core business activities alone. Additionally, the sharp rise in Capital Work in Progress indicates aggressive capacity expansion or asset acquisition underway.

Trishakti Industries Limited shareholders approved a special resolution to increase the company's borrowing limits up to ₹1,000 crore during its 41st Annual General Meeting held on September 30, 2026. The move was ratified under Section 180(1)(c) of the Companies Act, 2013.

The meeting, conducted at The Spring Club in Kolkata, also saw the adoption of standalone and consolidated financial statements for FY26. Shareholders declared a final dividend of ₹0.20 per equity share with a face value of ₹2 each for the financial year ended March 31, 2026.

Voting Results and Resolution Details

All four resolutions proposed at the AGM were passed with requisite majorities. The voting data indicates strong promoter support, with promoters and promoter group casting votes on approximately 81.78% of their holding via remote e-voting. Public non-institutional shareholders participated minimally, with only about 3.09% of their holding voting.

Scrutinizer Report Highlights

Raj Kumar Banthia, Partner at MKB & Associates, served as the scrutinizer for the meeting. The report confirmed that 133 members cast votes through remote e-voting and poll combined. Of these, 127 members voted via remote e-voting, while six members or proxies voted through poll at the venue.

A total of three invalid votes were recorded among public non-institutional shareholders across the resolutions. The remaining votes were valid and counted in the presence of witnesses Ms. Khushi Nangalia and Ms. Muskaan Gupta.

What the Numbers Show

The voting pattern reveals a significant concentration of decision-making power in the hands of the promoter group. Promoters held 11,363,741 shares, while public institutions held 240,073 shares and public non-institutions held 4,872,736 shares. Despite the public non-institutional group holding nearly 30% of the total outstanding shares (4.87 million out of 16.47 million), their participation rate remained low at roughly 3%. Consequently, the outcome of all resolutions, including the substantial increase in borrowing limits, was effectively determined by the promoter block, which voted unanimously in favour.