Tulsyan NEC Reports Quarterly Results; Operational Status Highlights Power Plant Shutdown and NCD Revision
Tulsyan NEC Limited has released its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results reflect ongoing operational challenges alongside significant developments regarding debt restructuring and supply agreements.Consolidated Financial Performance
The Company's consolidated performance in the quarter saw revenue of 14,669.58 lakh, down from 25,729.83 lakh in the same period last year. Total Income stood at 15,749.48 lakh for the quarter, compared to 83,975.05 lakh in the previous year's full fiscal period.
For the quarter ended June 30, 2026, net profit stood at (2,141.07) lakh. The Consolidated Segment Wise Reporting highlights the following key financial metrics:
| Particulars | Qtr Ended 30-Jun-26 (Un-Audited) | Qtr Ended 30-Jun-25 (Un-Audited) | Year to Date 30-Jun-26 (Un-Audited) | Previous Year Ended 31-Mar-26 (Audited) |
|---|---|---|---|---|
| Revenue from operations (Net) | 14,669.58 lakh | 25,729.83 lakh | 14,669.58 lakh | 80,755.38 lakh |
| Profit Before Tax | (2,141.07) lakh | (1,024.94) lakh | (2,141.07) lakh | (6,433.23) lakh |
| Net profit for the period | (2,141.07) lakh | (1,024.94) lakh | (2,141.07) lakh | (6,433.23) lakh |
Standalone Results and Segment Breakdown
The Standalone results also showed a net profit of (3,084.96) lakh for the quarter ended June 30, 2026. The company has organized its business into three segments: Steel Division, Synthetic Division, and Power, as per Ind AS segment reporting principles.
Financial performance across the segments is detailed below:
| Segment | Qtr Ended 30-Jun-26 (Un-Audited) Revenue | Qtr Ended 30-Jun-25 (Un-Audited) Revenue | Qtr Ended 30-Jun-26 Profit/(Loss) Before Tax and Finance Cost |
|---|---|---|---|
| Steel Division | 12,576.20 lakh | 15,435.57 lakh | (327.15) lakh |
| Synthetic Division | 1,152.17 lakh | 419.72 lakh | 23.17 lakh |
| Power | 215.09 lakh | 7,440.41 lakh | (811.11) lakh |
Key Operational Highlights and Financial Notes
Management noted several critical updates in the quarter:
- Power Plant Status: The Power Plant was largely under shutdown during the quarter ended June 30, 2026, with an exception of four days of startup power requirement.
- Non-Convertible Debenture Revision: There has been a revision to the terms of the Non-Convertible Debentures (NCDs). This revision includes an agreed Moratorium period for coupon payments running from April 1, 2026, until August 31, 2026. The final redemption date has also been revised to September 30, 2027.
- Fuel Supply Agreement: The Company entered into a fuel supply agreement on May 12, 2026, with Mahanadi Coalfields Limited, a subsidiary of Coal India Limited. This arrangement is intended to ensure a stable coal supply at a cost lower than imported coal procured in previous years.
Stock Price Movement
At 15:03, shares of Tulsyan NEC Ltd. are ticking down by 4.74% in the current session, trading at ₹34.60. The stock has seen a volatile day, moving between its intraday low of ₹34.51 and a high of ₹37.50.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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