TGV Sraac , a leading chemical manufacturer, has announced robust financial results for the second quarter of fiscal year 2026, demonstrating significant growth in both revenue and profitability.

Financial Highlights

• Net Profit: ₹370.00 crore, up 12% year-over-year from ₹330.00 crore
• Revenue: ₹5,000.00 crore, a 16% increase from ₹4,300.00 crore in the same period last year
• Earnings Per Share (EPS): ₹3.46, compared to ₹3.07 in Q2 FY2025

Segment Performance

The company's strong performance was primarily driven by its chemicals segment, which continues to be the main revenue generator:

Operational Efficiency

TGV Sraac's focus on operational efficiency is evident in its financial results:

• EBITDA Margin: Improved to 19.4% from 16.5% in the same quarter last year
• Finance Costs: Decreased to ₹618.00 crore from ₹690.00 crore in the previous quarter

Balance Sheet Strength

The company's balance sheet remains robust:

• Cash and Cash Equivalents: ₹3,938.00 crore, up from ₹3,317.00 crore at the end of FY2025
• Total Assets: ₹2,03,647.00 crore, showing a steady increase from ₹1,96,761.00 crore in March 2025

Management Commentary

V. Radhakrishna Murthy, CGM & Company Secretary, stated, "Our strong performance in Q2 FY2026 reflects the company's resilience and strategic focus on core business areas. The significant growth in our chemicals segment and improved operational efficiencies have contributed to this positive outcome."

Future Outlook

While the company has not provided specific guidance for the future, the management remains optimistic about sustaining growth momentum, supported by:

1. Continued focus on the high-performing chemicals segment
2. Ongoing efforts to improve operational efficiencies
3. Strategic investments in capacity expansion and technology upgrades

Investors and analysts will be keenly watching TGV Sraac's performance in the coming quarters, especially given the challenging global economic environment and fluctuating raw material prices.

The company's board meeting, which approved these results, was held on November 12, 2025, and lasted from 12:30 PM to 3:00 PM.

TGV Sraac has successfully resolved the transformer failure that had disrupted its production operations and resumed normal manufacturing activities. The company informed BSE Limited about this positive development through an official communication, marking the end of a significant operational challenge that had impacted its caustic soda and chlorine production.

Production Restoration Complete

The chemical manufacturer has made necessary arrangements to restore the failed transformer to service, enabling the resumption of normal production operations. This development comes as a relief after the company faced substantial production losses due to the equipment malfunction.

Resolution Timeline

The company had initially estimated that the production disruption could continue for approximately 60 days. However, through effective coordination with the supplier, Transformers and Rectifiers India Ltd., the company successfully completed the transformer rewinding process and restored operations.

Regulatory Compliance

TGV SRAAC Limited has maintained transparency throughout this process by keeping BSE Limited informed about both the initial failure and the subsequent resolution. The company continues to adhere to Regulation 30 read with Schedule III Part-A Para-B of SEBI (LODR) Regulations, 2015, ensuring proper disclosure of material events.

Business Impact

The successful resolution of the transformer failure eliminates the production capacity constraints that had affected the company's caustic soda and chlorine manufacturing. With normal operations restored, TGV SRAAC Limited can now focus on meeting market demand and maintaining its position in the chemical industry. The company's proactive approach to resolving the technical issue demonstrates its operational resilience and commitment to minimizing business disruptions.