TT Limited Reports Q2 FY2026 Results and Successful Rights Issue

1 min read     Updated on 06 Nov 2025, 04:22 AM
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Reviewed by
Radhika SahaniScanX News Team
Overview

TT Limited, a textile industry player, released Q2 FY2026 results showing a 13.08% decrease in total revenue to ₹4,720.67 lakhs and a 63.98% drop in net profit to ₹17.56 lakhs compared to Q2 FY2025. The company successfully completed a ₹240 crore rights issue, with allotment on August 5, 2025, and trading commencing on August 14, 2025. The balance sheet as of September 30, 2025, shows total assets of ₹21,932.42 lakhs and total equity of ₹12,571.34 lakhs, reflecting an improved financial position post-rights issue.

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*this image is generated using AI for illustrative purposes only.

TT Limited , a prominent player in the textile industry, has released its unaudited financial results for the quarter and half-year ended September 30, 2025. The company also successfully completed a rights issue, raising ₹240 crore. Let's delve into the key highlights of their performance and recent developments.

Financial Performance

TTL's financial results for Q2 FY2026 show a mixed performance compared to the same period last year. Here's a breakdown of the key figures:

Metric (₹ in lakhs) Q2 FY2026 Q2 FY2025 Change (%)
Total Revenue 4,720.67 5,431.28 -13.08%
Net Profit 17.56 48.75 -63.98%
Basic EPS (₹) 0.01 0.23 -95.65%

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

  • Total revenue: ₹9,547.26 lakhs
  • Net profit: ₹60.29 lakhs

Successful Rights Issue

In a significant move to strengthen its capital base, TT Limited completed a rights issue of equity shares during the quarter. Key details of the rights issue include:

  • Total amount raised: ₹240 crore
  • Allotment date: August 5, 2025
  • Trading commencement: August 14, 2025

This capital infusion is expected to provide the company with additional resources for its operations and potential growth initiatives.

Operational Highlights

  • TT Limited continues to operate in a single segment: textiles.
  • The company's board meeting for approving these results was held on November 5, 2025, lasting from 3:00 PM to 5:45 PM.

Balance Sheet Snapshot

As of September 30, 2025, TT Limited's balance sheet shows:

Metric (₹ in lakhs) September 30, 2025 March 31, 2025
Total Assets 21,932.42 20,468.16
Total Equity 12,571.34 9,016.65
Non-Current Liabilities 4,506.55 4,360.08
Current Liabilities 4,854.54 7,091.42

The increase in total equity reflects the impact of the recent rights issue, strengthening the company's financial position.

While TT Limited faced some challenges in the quarter, as evidenced by the decline in revenue and net profit, the successful completion of the rights issue demonstrates investor confidence in the company's future prospects. The textile sector continues to be competitive, and TT Limited's efforts to bolster its financial position through the rights issue may help it navigate the evolving market landscape.

T.T. Limited: Promoter Group Member Boosts Stake Through Open Market Purchases

1 min read     Updated on 09 Sept 2025, 10:06 AM
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Reviewed by
Shriram ShekharScanX News Team
Overview

Hardik Jain, a promoter group member of TTL, acquired 13,400 shares through open market transactions on September 1 and 2, 2025. This increased his shareholding from 8,671,490 to 8,684,890 shares, marginally raising his stake from 3.36% to 3.37%. The acquisition was reported in compliance with SEBI regulations, demonstrating the promoter's continued commitment to the textile company.

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*this image is generated using AI for illustrative purposes only.

TTL , a textile company, has seen an increase in shareholding by Hardik Jain, a member of its promoter group, through recent open market transactions. The acquisitions, which took place on September 1 and 2, 2025, have slightly boosted Jain's stake in the company.

Acquisition Details

According to a regulatory filing, Hardik Jain acquired a total of 13,400 shares of TTL through open market purchases. The transactions were executed over two days:

  • September 1, 2025: 4,163 shares acquired
  • September 2, 2025: 9,237 shares acquired

Impact on Shareholding

As a result of these transactions, Jain's shareholding in TTL has increased as follows:

Shareholding Before Acquisition After Acquisition Change
Number of Shares 8,671,490 8,684,890 13,400
Percentage Stake 3.36% 3.36% 0.01%

The marginal increase in Jain's stake demonstrates a continued commitment to the company by the promoter group.

Company Overview

TTL is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company's total equity share capital remains unchanged at 25,83,10,944 shares following these transactions.

Regulatory Compliance

The share acquisition was reported in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires prompt disclosure of any changes in shareholding for promoters and significant shareholders.

The disclosure, dated September 5, 2025, provides transparency to the market regarding the changes in the promoter group's shareholding, which is crucial for maintaining investor confidence and adhering to regulatory standards in the Indian securities market.

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