Tarapur Transformers Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, revealing a challenging operational environment with continued losses and absence of operational revenue.

Financial Performance Overview

The company reported a net loss of ₹24.27 lacs in Q3FY26, marking a significant decline from the net profit of ₹241.39 lacs recorded in Q3FY25. This represents a substantial deterioration in financial performance year-on-year.

Revenue and Income Analysis

The company continues to report zero revenue from operations, indicating no sales activity during the quarter. Total income of ₹50.75 lacs was entirely attributed to other income, which includes interest, rent, and other sources. This represents a significant increase from ₹9.95 lacs in other income during Q3FY25.

Expense Structure

Total expenses for Q3FY26 amounted to ₹75.02 lacs compared to ₹97.29 lacs in Q3FY25. The expense breakdown shows:

Nine-Month Performance

For the nine months ended December 31, 2025, the company reported a net loss of ₹59.09 lacs compared to a net profit of ₹1,627.93 lacs in the corresponding period of the previous year. Total income for the nine-month period was ₹113.64 lacs, significantly lower than ₹2,401.81 lacs in the previous year.

Key Corporate Developments

The company has filed an application under Section 57 of the Insolvency and Bankruptcy Code, 2016 with NCLT Mumbai Bench against Choudhary Global Limited for an outstanding amount of ₹8,66,50,000. The management created a provision for bad and doubtful advances, though ₹43,15,000 was received from the party during the current year, leading to a partial reversal of the provision.

Additionally, the company recovered ₹35,00,000 from M/S Deekay Iron and Steel Pvt Ltd, which was previously written off in FY 2022-23. This recovery has been accounted as bad debts written back and included in other income.

Share Capital and Earnings

The company maintains a paid-up equity share capital of ₹1,950.00 lacs with a face value of ₹10 per share. Basic and diluted earnings per share for Q3FY26 stood at negative ₹0.12 compared to positive ₹1.24 in Q3FY25.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held in Mumbai on February 11, 2026, under the leadership of Executive Director Yash Betkar.

Tarapur Transformers Limited , a manufacturer and repairer of transformers, has reported a net loss of Rs. 44.34 lacs for the quarter ended September 30, 2025, according to the company's recent financial disclosure. This marks a significant change from the profit of Rs. 9.52 lacs reported in the preceding quarter ended June 30, 2025.

Financial Performance

The company's financial results for Q2 FY2025-26 reveal several key points:

The total income for the quarter stood at Rs. 7.52 lacs, a substantial decrease from Rs. 55.37 lacs in the previous quarter. Total expenses increased to Rs. 51.86 lacs from Rs. 45.85 lacs in Q1.

Half-Yearly Performance

For the half-year ended September 30, 2025, Tarapur Transformers reported:

• Total income: Rs. 62.89 lacs
• Net loss: Rs. 34.82 lacs
• EPS (Basic & Diluted): Rs. (0.18)

Key Management Appointments

The company's Board of Directors has approved two key management appointments:

1. Chief Financial Officer (CFO): Ms. Vaishali Anil Pawar has been appointed as the new CFO, effective November 13, 2025. Ms. Pawar brings five years of banking experience to the role.

2. Company Secretary and Compliance Officer: Mrs. Hiral Jainesh Shah (Membership No: A50037) has been appointed to this role, also effective from November 13, 2025. Mrs. Shah has over nine years of professional experience in corporate secretarial, legal, and compliance functions.

Other Notable Developments

1. The company has filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, with the National Company Law Tribunal (NCLT) Mumbai Bench. This application is for initiating Corporate Insolvency Resolution Process against Choudhary Global Limited for an outstanding amount of Rs. 8.66 crores.

2. Tarapur Transformers received Rs. 43.15 lacs from Choudhary Global Limited, leading to a partial reversal of the provision made for bad and doubtful advances in the previous financial year.

3. The company continues to operate primarily in the business of manufacturing and repairing transformers as a single segment.

These financial results and management changes come at a crucial time for Tarapur Transformers as it navigates challenging market conditions. The appointment of new key personnel may signal a strategic shift in the company's approach to financial management and compliance.