Turner Industries narrows net loss to ₹2.06 lakh in FY26
Turner Industries Limited reported a net loss of ₹2.06 lakh for the financial year ended March 31, 2026, narrowing from ₹2.64 lakh in the previous year, with zero revenue from operations. The Board of Directors approved the audited financial results on May 28, 2026. Total expenses decreased to ₹2.06 lakh, while borrowings increased to ₹39.73 lakh. The statutory auditors, A. John Moris & Co., confirmed the results comply with Ind AS.
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Turner Industries Limited reported a net loss of ₹2.06 lakh for the financial year ended March 31, 2026, narrowing from the ₹2.64 lakh loss recorded in the previous year. The company continued to report zero revenue from operations for the second consecutive year. The Board of Directors approved the audited financial results for the fourth quarter and the full year on May 28, 2026.
The standalone financial results indicate that total expenses for the year stood at ₹2.06 lakh, a decrease from ₹2.64 lakh in the prior year. This reduction in expenses contributed to the narrowing of the net loss. The company’s earnings per share (EPS) for the year ended March 31, 2026, was reported at a loss of ₹0.05 on a basic and diluted basis, an improvement from the loss of ₹0.07 per share in the previous year.
Financial Performance
| Particulars | Year Ended 31.03.2026 (₹ in Lakhs) | Year Ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Total Income from Operations | - | - |
| Total Expenses | 2.06 | 2.64 |
| Net Profit / (Loss) for the period | (2.06) | (2.64) |
| Equity Share Capital | 401.31 | 401.31 |
Balance Sheet and Liabilities
As of March 31, 2026, the company’s total assets were valued at ₹50.67 lakh, a marginal decrease from ₹50.80 lakh in the previous year. The balance sheet reflects that the company is primarily funded by borrowings and equity. Borrowings increased to ₹39.73 lakh from ₹37.80 lakh in the prior year, consisting entirely of loans from directors.
The other equity, which includes retained earnings, stood at a negative ₹390.67 lakh, widening from the negative ₹388.92 lakh reported in the previous year. Cash and cash equivalents decreased to ₹0.68 lakh from ₹0.81 lakh at the end of the previous fiscal year.
Auditor and Regulatory Compliance
The financial results were subjected to a limited review by the statutory auditors, A. John Moris & Co., Chartered Accountants. The audit report confirms that the results give a true and fair view in conformity with the Indian Accounting Standards (Ind AS) and other recognized accounting policies. The company stated that it has only one reportable segment, Property Developers, in accordance with Ind AS 108.
The debt-equity ratio for the year ended March 31, 2026, stood at 3.73, compared to 3.05 in the previous year, while the return on capital employed was (0.19)% versus (0.21)% in FY25.
What strategic initiatives does Turner Industries plan to implement to restart revenue generation in the Property Developers segment?
How does the company intend to manage the increasing debt burden, particularly the reliance on director loans, given the absence of operational income?
With cash reserves dwindling to ₹0.68 lakh, what are the immediate funding plans to cover essential operational expenses?
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