Tarsons Products profits halved as depreciation and interest bite

Tarsons Products ended FY26 with a significant profitability gap. While revenue grew 7.7% to ₹422.5 crore, the bottom line collapsed 52% to ₹14.3 crore as the company struggled under the weight of higher depreciation and finance costs. These charges hit ₹96.5 crore and ₹22.5 crore respectively, effectively cannibalizing the gains from domestic sales. Adding to the friction is a discovery of excess managerial remuneration; the board has already flagged ₹4.1 crore paid to its managing director and whole-time director. Shareholders must now vote on whether to waive the recovery of these payments. The numbers paint a picture of a company with rising overheads and internal oversight lapses, making the upcoming shareholder vote a key test for management's credibility. What changes from here is whether the company can temper these costs or if they will remain a permanent anchor on earnings.