Board approves Q2 and H1 FY27 results; auditor's emphasis of matter on Panipat land
Board met on October 22, 2026 and approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, as recommended by the Audit Committee.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 15,659.32 | 11,951.88 | +31% | 15,618.12 | +0.3% |
| Total income | 15,731.86 | 11,976.06 | +31.4% | 15,680.74 | +0.3% |
| Profit before tax | 2,341.77 | 1,632.89 | +43.4% | 2,750.05 | −14.8% |
| Profit after tax | 1,703.93 | 1,176.68 | +44.8% | 2,056.64 | −17.1% |
| Total comprehensive income | 1,722.51 | 1,232.23 | +39.8% | 2,073.54 | −16.9% |
| Basic EPS | 9.46 | 6.87 | +37.7% | 11.42 | −17.2% |
- Total income YoY growth
- 11,976.06 (+31.4%)
- Period
- 30-Sep-26 (Unaudited)
Auditor's review
Conclusion: Unmodified
Notes to the results
- HSIIDC has raised a demand of Rs 373.27 lakhs re Panipat plant land; curative petition before Supreme Court dismissed during the quarter; management expects no material impact.
- Parent incorporated wholly owned subsidiary Tinna Rubber Chile SpA with authorised capital of Chilean Pesos 500,000,000; capital infusion under process.
Results at a glance
- Standalone 'Revenue from operations' for the September 2026 quarter: Rs. 14,956.64 lakhs, against Rs. 11,685.68 lakhs in the same quarter last year.
- Standalone 'Profit for the period': Rs. 1,606.07 lakhs, against Rs. 1,233.80 lakhs.
- Consolidated 'Revenue from operations': Rs. 15,659.32 lakhs; consolidated 'Profit for the period': Rs. 1,703.93 lakhs.
- Consolidated 'Profit for the period' for the half year ended September 30, 2026: Rs. 3,760.57 lakhs.
All these figures are as printed in the update, in Rs. lakhs, and are unaudited.
What the board approved
The board of directors met on Thursday, October 22, 2026, from 11:30 AM to 02:05 PM, and considered and approved the unaudited financial results (consolidated and standalone) for the second quarter and half year ended September 30, 2026, along with the Limited Review Report of the statutory auditors, duly recommended by the Audit Committee. The results are prepared under Indian Accounting Standards.
Auditor's review conclusion
S S Kothari Mehta & Co. LLP reviewed the standalone results. The auditors state that nothing has come to their attention that causes them to believe the statement has not disclosed the information required, or that it contains any material misstatement. A review is narrower in scope than an audit, and they do not express an audit opinion.
Emphasis of matter
The auditors draw attention to Note 5, which deals with the land at Panipat, Haryana on which the company's plant is situated. HSIIDC has raised a demand of Rs. 373.27 lakhs in connection with the land. The Special Leave Petition shared by the company before the Supreme Court was dismissed, and a curative petition shared by the company was also dismissed during the quarter.
- The company states it has not claimed the compensation sanctioned by the state government, which is deposited with the appropriate authority.
- It is evaluating alternatives for relocating the plant and expects to receive compensation in connection with the acquisition proceedings.
- Management believes the matter is not expected to have any material impact on the company's operations and financial results.
The auditors' conclusion is not modified in respect of this matter.
Subsidiary
The company incorporated Tinna Rubber Chile SpA as a wholly owned subsidiary, to carry on recycling and processing of end-of-life tyres, plastic waste and scrap, battery waste and scrap and allied waste management activities, with the objective of expanding its global footprint and supply chain. Capital infusion into the subsidiary is under process.
What to note
The Panipat land matter is the item the auditors chose to highlight, while the company's own assessment is that it will not materially affect operations or results. The numbers are unaudited and have been reviewed, not audited.
Also from Tinna Rubber and Infrastructure
H1 FY27: record profitability, debt down 9%, MRP capacity expansion on track
22 Oct 2026
Tinna Rubber to hold Q2 & H1FY27 earnings con-call on October 26, 2026 at 3:00 PM IST
19 Oct 2026
Registration of 19 of 40 acres completed for planned integrated recycling complex in Andhra Pradesh
15 Oct 2026
More numbers
- Standalone Revenue from operations, Q2 FY27 (Rs. lakhs)14,956.64
- Standalone Revenue from operations, Q2 FY26 comparative (Rs. lakhs)11,685.68
- Standalone Profit for the period, Q2 FY27 (Rs. lakhs)1,606.07
- Standalone Profit for the period, Q2 FY26 comparative (Rs. lakhs)1,233.80
- Consolidated Profit for the period, H1 FY27 (Rs. lakhs)3,760.57
- HSIIDC demand on Panipat land (Rs. lakhs)373.27
- Total income, latest quarter15,731.86 (Rs. in lakhs)
- Total income, year-ago quarter11,976.06 (Rs. in lakhs)
- Total income, previous quarter15,680.74 (Rs. in lakhs)
- Total comprehensive income, latest quarter1,722.51 (Rs. in lakhs)
- Total comprehensive income, year-ago quarter1,232.23 (Rs. in lakhs)
- Total comprehensive income, previous quarter2,073.54 (Rs. in lakhs)
- Profit after tax, latest quarter1,703.93 (Rs. in lakhs)
- Profit after tax, year-ago quarter1,176.68 (Rs. in lakhs)
- Profit after tax, previous quarter2,056.64 (Rs. in lakhs)
- Revenue from operations, latest quarter15,659.32 (Rs. in lakhs)
- Revenue from operations, year-ago quarter11,951.88 (Rs. in lakhs)
- Revenue from operations, previous quarter15,618.12 (Rs. in lakhs)
- Profit before tax, latest quarter2,341.77 (Rs. in lakhs)
- Profit before tax, year-ago quarter1,632.89 (Rs. in lakhs)
- Profit before tax, previous quarter2,750.05 (Rs. in lakhs)
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