Tulsyan NEC Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a net loss of ₹2,141.07 lakh, a substantial increase from the previous year’s quarter. This outcome is influenced by operational expenses exceeding income. The report also details segment-wise performance and highlights a revision in non-convertible debenture terms.
Tulsyan NEC Limited: Financial Performance for Q1 FY27
Tulsyan NEC Limited has released its unaudited financial results for the first quarter of the fiscal year 2027, ending June 30, 2026. The company reported a net loss of ₹2,141.07 lakh for the period. This marks a significant financial downturn compared to the prior year’s quarter and the preceding quarter.
Key Financial Figures
Total income for the quarter stood at ₹15,749.48 lakh, while total expenses amounted to ₹17,890.55 lakh. This resulted in a profit before tax of ₹(2,141.07) lakh. The total comprehensive income for the period also reflected a loss of ₹(2,141.07) lakh, after considering other comprehensive income. Earnings per share (EPS) for the quarter were ₹(13.01) on a basic and diluted basis.
Segmental Performance Overview
The company’s operations are organized into three segments: Steel Division, Synthetic Division, and Power.
- Steel Division: This segment reported revenue of ₹13,302.32 lakh. However, it incurred a loss before tax and finance cost of ₹678.65 lakh.
- Synthetic Division: Revenue from this division was ₹1,152.17 lakh, with a profit before tax and finance cost of ₹23.17 lakh.
- Power Division: This segment generated revenue of ₹215.09 lakh but reported a significant loss before tax and finance cost of ₹811.11 lakh.
The overall segment results indicate a substantial loss before tax and finance cost, totaling ₹(109.29) lakh. After accounting for finance costs of ₹2,031.78 lakh, the total profit from continuing operations (loss) before tax for the consolidated entity was ₹(2,141.07) lakh.
Other Disclosures
A noteworthy point in the financial results is the revision in the terms of Non-Convertible Debentures. These revisions include a moratorium on coupon payments from April 1, 2026, to August 31, 2026, with compensation through ramped-up coupon amounts. The final redemption date has been extended to September 30, 2027.
Additionally, the company disclosed that its Power Plant was largely under shutdown during the quarter ended June 30, 2026, with only 4 days of operation for startup power requirement. The company also entered into a fuel supply agreement for coal procurement.
Source: BSE
