What’s new

• Full-year revenue rose 11.5% to ₹1,950 cr; profit from continuing operations jumped 43% to ₹132 cr.
• A change in asset useful-life estimates added ₹64.6 cr in depreciation, cutting reported profit.
• Final dividend held at ₹1 per share; oils & fats segment stayed in the red.

Why it matters

The headline profit growth is strong, but the accounting change makes the comparison harder to read. Stripping out the ₹64.6 cr depreciation charge, the underlying earnings power looks even better. The unchanged dividend suggests the board is not letting one-off charges dictate payouts.

What we’re watching

• How the chemical segment carries growth into FY27.
• Whether the oils & fats segment ever turns profitable.
• The impact of the new asset lives on future depreciation and profit.

The full read

TGV SRAAC posted a 43% jump in annual profit from continuing operations to ₹132 crore, on revenue that grew 11.5% to ₹1,950 crore. The result comes with a caveat: a change in the estimated useful life of plant and machinery added ₹64.6 crore in depreciation for the year, depressing the headline number. The chemical business powered the growth, while oils and fats remained loss-making. The board held the final dividend flat at ₹1 per share. The accounting change is a one-off, but it muddies the year-on-year comparison. On a like-for-like basis, the underlying profit improvement is steeper than the reported 43%.

Primary source: BSE · NSE