Taylormade Renewables Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing a remarkable quarterly recovery with strong profitability margins. The Board of Directors approved these results during their meeting held on February 13, 2026, with the company demonstrating significant operational improvements despite nine-month challenges.

Strong Q3FY26 Performance with Robust Margins

The company delivered exceptional standalone quarterly performance for Q3FY26, achieving a profit before tax margin of approximately 24%. The results reflect substantial operational efficiency improvements and disciplined cost management.

The company's profit after tax nearly doubled year-over-year, while profit before tax reached ₹358.46 lakhs, translating into an impressive 24% PBT margin. Management noted a sequential improvement in PBT of over ₹827 lakhs compared to Q2, confirming the normalization of operations after technical adjustments.

Operational Efficiency and Cost Management

The quarter demonstrated strong operational leverage with total expenses controlled at ₹1,147.50 lakhs against revenue of ₹1,505.57 lakhs. Key operational improvements included better inventory management, with changes in inventories contributing positively to earnings through improved synchronization between procurement, execution milestones, and billing cycles.

Employee benefits expense and finance costs remained proportionate to revenue scale, demonstrating disciplined leverage and working capital management. The efficient revenue-to-profit conversion highlights the operating leverage embedded in the company's cost structure.

Consolidated Results Show BOO Facility Contribution

The consolidated financial results, including subsidiary Taylormade Enviro Private Limited, reflected improving operational throughput at the Tarapur BOO facility.

As utilization levels at the BOO facility gradually increase, incremental revenue contributes to consolidated earnings without proportionate fixed cost expansion, enhancing margin stability and diversifying earnings beyond project-based revenue cycles.

Nine-Month Performance Context

The nine-month results provide important context, showing the impact of exceptional circumstances during the period.

Notably, Q3 standalone PBT of ₹358.46 lakhs materially exceeds cumulative nine-month PBT, underscoring the isolated nature of the Q2 accounting impact and the strength of current quarter performance. The technical sales reversal of ₹1,377.20 lakhs recorded in Q2 addressed legacy revenue exposure, resulting in cleaner billing base and improved earnings quality.

Management Outlook and Strategic Direction

Chairman & Managing Director Dharmendra Sharad Gor highlighted the structural strength of the operating framework, emphasizing disciplined execution and margin control. The company has strengthened earnings quality through better inventory management and working capital discipline, providing a clean and stable operating base.

With profitability restored and margins expanding to approximately 24% at standalone level, the company enters Q4 with strengthened earnings base. Execution across ongoing projects has progressed into advanced billing stages, expected to support revenue recognition in the final quarter. The current project pipeline, including higher-capacity wastewater and ZLD installations under technical and commercial finalization, strengthens forward revenue clarity for sustained growth.

Taylormade Renewables Limited has informed the stock exchange that its proposed preferential issue of convertible warrants has not materialised due to non-receipt of subscription money from the intended allottees. The company made this disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, on January 08, 2026.

Issue Details and Approvals

The proposed preferential issue involved 3,00,000 convertible warrants targeted at non-promoter category allottees. The company had secured the necessary regulatory and shareholder approvals for this fundraising initiative.

The company had received in-principle approval from BSE Limited through letter no. LOD/PREF/TT/FIP/1412/2025-26 dated December 23, 2025. The issue was structured in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Non-Materialisation of the Issue

Despite having all necessary approvals in place, the preferential issue could not proceed as planned. The proposed allottees failed to submit the required subscription money within the stipulated time period mandated by regulations.

As a direct consequence of this non-receipt of funds:

• No convertible warrants have been allotted under the approved scheme
• No equity shares will arise against these warrants in the future
• The entire fundraising initiative has been rendered void

Regulatory Compliance

The company has fulfilled its disclosure obligations by promptly informing BSE Limited about the non-materialisation of the proposed issue. This transparency ensures that investors and market participants are kept informed about material developments affecting the company's capital structure plans.

The announcement was signed by Dharmendra Sharad Gor, Chairman & Managing Director (DIN: 00466349), maintaining proper corporate governance protocols in the communication to the stock exchange.