Tuticorin Alkali Reports FY26 Net Profit of Rs 3,661 Lakhs
Tuticorin Alkali Chemicals and Fertilizers Limited reported its audited financial results for the year ended 31st March 2026, recording a net profit of Rs. 3,661.09 lakhs on total income of Rs. 34,308.57 lakhs. For the quarter ended 31st March 2026, the company posted a net profit of Rs. 802.15 lakhs, with Q4 EBITDA margin contracting to 15.57%. The Board approved the re-appointment of Mr. E Rajeshkumar as Whole-time Director for three years effective July 2026, subject to shareholder approval.
*this image is generated using AI for illustrative purposes only.
Tuticorin Alkali Chemicals and Fertilizers Limited convened a Board of Directors meeting on 18th May 2026, at which the board approved the audited financial results for the year ended 31st March 2026 pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors issued an unmodified audit opinion on the annual financial results. The meeting commenced at 2.00 PM and concluded at 5.55 PM.
Financial Performance: Year Ended 31st March 2026
The company recorded revenue from operations of Rs. 33,776.95 lakhs for the year ended 31st March 2026, compared to Rs. 30,948.82 lakhs in the previous year. Other income for FY26 stood at Rs. 531.62 lakhs against Rs. 622.88 lakhs in FY25, bringing total income to Rs. 34,308.57 lakhs versus Rs. 31,571.70 lakhs in the prior year. Total expenses for FY26 were Rs. 29,036.23 lakhs compared to Rs. 25,900.61 lakhs in FY25. The profit before exceptional items and tax stood at Rs. 5,272.34 lakhs for FY26, against Rs. 5,671.09 lakhs in FY25. The prior year included exceptional items of Rs. 2,287.81 lakhs, resulting in a profit before tax of Rs. 7,958.90 lakhs for FY25. Net profit after tax for FY26 was Rs. 3,661.09 lakhs, with basic and diluted earnings per share at Rs. 3.00 (face value Rs. 10 per share). The following table summarises the key income statement metrics:
| Metric: | Year Ended 31 March 2026 (Rs. in Lakhs) | Year Ended 31 March 2025 (Rs. in Lakhs) |
|---|---|---|
| Revenue from Operations: | 33,776.95 | 30,948.82 |
| Other Income: | 531.62 | 622.88 |
| Total Income: | 34,308.57 | 31,571.70 |
| Total Expenses: | 29,036.23 | 25,900.61 |
| Profit before Exceptional Items and Tax: | 5,272.34 | 5,671.09 |
| Exceptional Items: | — | 2,287.81 |
| Profit before Tax: | 5,272.34 | 7,958.90 |
| Deferred Tax: | 1,611.25 | 1,740.12 |
| Net Profit after Tax: | 3,661.09 | 6,218.78 |
| Total Comprehensive Income: | 3,960.53 | 6,203.25 |
| Basic & Diluted EPS (Rs. 10 each): | 3.00 | 5.10 |
Quarterly Performance: Quarter Ended 31st March 2026
For the quarter ended 31st March 2026, revenue from operations was Rs. 8,344.46 lakhs (834M rupees), compared to Rs. 9,818.38 lakhs in the quarter ended 31st December 2025 and Rs. 8,089.56 lakhs (809M rupees) in the quarter ended 31st March 2025. Net profit after tax for the quarter ended 31st March 2026 was Rs. 802.15 lakhs (80M rupees), against Rs. 914.83 lakhs in the December 2025 quarter and Rs. 724.19 lakhs (72M rupees) in the March 2025 quarter. On an EBITDA basis, Q4 EBITDA stood at 130M rupees versus 158M rupees in the same quarter of the prior year, with the EBITDA margin contracting to 15.57% from 19.57% year-on-year.
| Metric: | Q4 FY26 (31 Mar 2026) | Q3 FY26 (31 Dec 2025) | Q4 FY25 (31 Mar 2025) |
|---|---|---|---|
| Revenue from Operations (Rs. in Lakhs): | 8,344.46 | 9,818.38 | 8,089.56 |
| Total Income (Rs. in Lakhs): | 8,474.65 | 10,101.97 | 8,281.60 |
| Total Expenses (Rs. in Lakhs): | 7,467.74 | 8,726.18 | 6,967.41 |
| Profit before Tax (Rs. in Lakhs): | 1,006.91 | 1,375.79 | 1,314.19 |
| Net Profit after Tax (Rs. in Lakhs): | 802.15 | 914.83 | 724.19 |
| Basic & Diluted EPS (Rs.): | 0.66 | 0.75 | 0.59 |
| EBITDA (M Rupees): | 130 | — | 158 |
| EBITDA Margin (%): | 15.57 | — | 19.57 |
Balance Sheet Highlights as at 31st March 2026
The company's total assets stood at Rs. 62,056.24 lakhs as at 31st March 2026, compared to Rs. 52,087.65 lakhs as at 31st March 2025. Total equity increased to Rs. 18,080.54 lakhs from Rs. 14,120.02 lakhs in the prior year. Key balance sheet figures are presented below:
| Parameter: | As at 31 March 2026 (Rs. in Lakhs) | As at 31 March 2025 (Rs. in Lakhs) |
|---|---|---|
| Total Non-Current Assets: | 52,232.17 | 40,447.07 |
| Total Current Assets: | 9,824.07 | 11,640.58 |
| Total Assets: | 62,056.24 | 52,087.65 |
| Equity Share Capital: | 12,186.76 | 12,186.76 |
| Total Equity: | 18,080.54 | 14,120.02 |
| Total Non-Current Liabilities: | 22,238.08 | 22,114.10 |
| Total Current Liabilities: | 21,737.62 | 15,853.53 |
| Total Liabilities: | 43,975.70 | 37,967.63 |
Cash Flow Summary
For the year ended 31st March 2026, net cash flows generated from operating activities were Rs. 12,427.19 lakhs, compared to a net cash outflow of Rs. (762.57) lakhs in the year ended 31st March 2025. Net cash used in investing activities was Rs. (14,165.51) lakhs, primarily on account of purchase of property, plant and equipment amounting to Rs. (13,389.00) lakhs. Net cash generated from financing activities was Rs. 1,720.36 lakhs. Cash and cash equivalents at the end of the year stood at Rs. 40.22 lakhs, against Rs. 58.18 lakhs at the beginning of the year.
Board Approves Re-Appointment of Whole-Time Director
The Board of Directors approved the re-appointment of Mr. E Rajeshkumar (DIN: 10207780) as Whole-time Director of the company with effect from 8th July 2026 for a period of three years up to 7th July 2029, subject to the approval of shareholders. The re-appointment follows the completion of his current tenure, which ran from 8th July 2023 to 7th July 2026. Mr. E Rajeshkumar is a chemical engineer with 30 years of overall experience. He joined SPIC in 1996 through the Engineering Management Trainee scheme and has served in various positions, including as DGM Production (Phosphatic), where he debottlenecked the phosphoric plant to increase production. The disclosure confirms that Mr. E Rajeshkumar is not related to any of the directors or Key Managerial Personnel of the company, and that he is not debarred from holding office by virtue of any SEBI order or any other regulatory authority.
| Parameter: | Details |
|---|---|
| Name: | Mr. E Rajeshkumar (DIN: 10207780) |
| Designation: | Whole-Time Director |
| Effective Date: | 8th July 2026 |
| Term: | 3 years (up to 7th July 2029) |
| Subject to: | Shareholder Approval |
| Previous Tenure: | 8th July 2023 to 7th July 2026 |
Additional Disclosures
The company noted that it had lodged an insurance claim of Rs. 1,519.99 lakhs relating to loss of inventory on account of floods in December 2023. An amount of Rs. 900 Lakhs was received in May 2025, with the balance claims under process. The company also confirmed that it is not a Large Corporate as per the applicability criteria under Chapter XII of SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, and accordingly the related disclosure requirements are not applicable. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) as notified under Section 133 of the Companies Act, 2013.
Historical Stock Returns for Tuticorin Alkali Chemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.45% | +0.93% | +1.90% | -15.33% | -29.45% | +353.97% |
Given the significant capital expenditure of Rs. 13,389 lakhs on property, plant and equipment in FY26, what new capacity expansions or product lines is Tuticorin Alkali Chemicals likely targeting, and how soon could these investments begin contributing to revenue growth?
With EBITDA margins contracting from 19.57% to 15.57% year-on-year in Q4 FY26 alongside rising total expenses, what cost pressures—such as raw material prices or energy costs—could continue to weigh on profitability in FY27?
As current liabilities surged by approximately 37% to Rs. 21,737 lakhs while cash equivalents remain critically low at Rs. 40.22 lakhs, how sustainable is the company's near-term liquidity position and what financing strategies might management pursue?
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