Tulsyan NEC Limited has announced its un-audited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026. The Board of Directors approved these results on November 11, 2026. Notably, the independent auditor’s report includes a qualified conclusion due to the inability to confirm the recoverability of outstanding trade receivables from earlier periods. The company also highlighted revisions in Non-Convertible Debenture terms and a change in subsidiary status.
Tulsyan NEC Limited Announces Q2 FY27 Financial Results
Tulsyan NEC Limited has officially released its un-audited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026. The company’s Board of Directors convened on November 11, 2026, to consider and approve these financial statements, which were prepared in accordance with Indian Accounting Standards (IND-AS).
Key Financial Highlights
The released results indicate a net loss for the quarter ended September 30, 2026. For the standalone entity, the net profit after tax for the quarter was (₹1,608.49) lakhs, compared to (₹3,084.96) lakhs in the previous year’s corresponding quarter. The half-yearly net profit after tax stood at (₹1,608.49) lakhs, a decrease from (₹6,443.99) lakhs in the previous year. Consolidated figures show a net loss of (₹1,694.38) lakhs for the quarter and (₹1,694.38) lakhs for the half-year.
Auditor’s Qualified Conclusion
The independent auditor’s review report, provided by SRBR & Associates LLP, includes a qualified conclusion. This qualification stems from the absence of direct confirmations and sufficient alternative audit evidence regarding the recoverability of outstanding trade receivables pertaining to earlier periods. The auditors are unable to determine if further adjustments are necessary for these receivables, which could impact the carrying value through provisioning or write-offs.
Other Disclosures
The company also drew attention to a revision in the terms of its Non-Convertible Debentures, including a moratorium on coupon payments until August 31, 2026, and a revised final redemption date of September 30, 2027. Additionally, Tulsyan NEC Limited noted that Sapient Packaging Private Limited ceased to be a subsidiary during the current reporting period.
Source: BSE
