Trigyn Technologies517562Quarterly results
Board approves September-quarter results, reconstitutes audit and nomination committees
Board approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, and reconstituted the Audit Committee and the Nomination and Remuneration Committee.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 28,285.13 | 24,195.14 | +16.9% | 25,275.74 | +11.9% |
| Total income | 28,726.05 | 24,602.75 | +16.8% | 25,705.68 | +11.7% |
| Profit before tax | 1,714.98 | 477.80 | +259% | 612.24 | +180% |
| Profit after tax | 1,258.70 | 527.21 | +139% | 348.75 | +261% |
| Total comprehensive income | 927.06 | 2,450.70 | −62.2% | 2,807.59 | −67% |
| Basic EPS | 4.09 | 1.71 | +139% | 1.13 | +262% |
- Total income
- Latest 28,726.05; Year ago 24,602.75 (+16.8%); Prev qtr 25,705.68 (+11.7%)
- Profit after tax
- Latest 1,258.70; Year ago 527.21 (+139%); Prev qtr 348.75 (+261%)
- Period
- Quarter ended SEPTEMBER 30 2026 Unaudited
Also decided at the meeting
- Audit Committee reconstituted w.e.f. November 04, 2026: Mr. Narendra Bhandari inducted as Member in place of Mr. Syed Ahmed Sultan.
- Nomination and Remuneration Committee reconstituted w.e.f. November 04, 2026: Mr. Narendra Bhandari inducted as Member in place of Mr. Vijay Mallya.
Auditor's review
Conclusion: Unmodified
- Emphasis: non-accounting of Quarterly Guaranteed Revenue totalling Rs. 80 crores, relying on independent expert's opinion to postpone recognition until realization is reasonably certain.
- Emphasis: Nashik toll parking project terminated; arbitration shared; bank guarantee invoked 20.10.2025; unamortized capital cost Rs. 3.07 Crores as of September 30, 2026.
- Emphasis: GST demand of Rs. 9.08 crores for FY 2019-20 to FY 2022-23 under appeal; Income Tax block assessment fresh demand of Rs.3.14 crores.
- Emphasis: two subsidiaries (LEIL, TTIPL) prepared on going concern basis despite negative net worth; subsidiaries' results management certified.
Notes to the results
- Trigyn Technologies Schweiz GmbH presented as a discontinued operation under Ind AS 105 (voluntary liquidation in progress).
- LEIL and TTIPL prepared on going concern basis despite negative net worth, dependent on Holding Company support.
- Other expenses include ECL provision of TTL Rs. 1.82 Crores for the quarter; cumulative ECL Rs. 3.19 crores for TTInc and Rs. 67.05 Crores for TTL.
- Pending legal cases: $4 million loan to Malaysian entity fully reserved; J. Kohli copyright suit against TTIPL claiming USD 129,000 (Rs 60.63 lakhs).
Board decisions
- Approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, as reviewed by the Audit Committee and limited-reviewed by statutory auditors M/s. V. Rohatgi & Co.
- Reconstituted the Audit Committee and the Nomination and Remuneration Committee with effect from November 04, 2026.
- Mr. Narendra Bhandari, Independent Director, was inducted into the Audit Committee in place of Mr. Syed Ahmed Sultan, and into the Nomination and Remuneration Committee in place of Mr. Vijay Mallya.
- The reconstituted Audit Committee is Mr. Vijay Mallya (Chairperson), Dr. Raja Mohan Rao and Mr. Narendra Bhandari. The Nomination and Remuneration Committee is Ms. Lakshmi Potluri (Chairperson), Dr. Raja Mohan Rao, Mr. Syed Ahmed Sultan, Mr. Ishwar Halalli and Mr. Narendra Bhandari.
Consolidated numbers, in Rupees in lakhs
- Revenue from operations: 28,285.13 for the quarter, against 24,195.14 in the same quarter a year earlier; 53,560.86 for the six months.
- Total income: 28,726.05 for the quarter, against 24,602.75 a year earlier.
- Net profit for the period from Continuing Operations: 1,268.93 for the quarter.
- Total profit / (loss) for period: 1,258.70 for the quarter and 1,607.44 for the six months, against 66.52 for the six months a year earlier.
- Total comprehensive income / (loss): 927.06 for the quarter.
- Basic earnings per share for continued and discontinued operations: 4.09 for the quarter.
- Total assets 1,01,897.91 and total equity 83,406.56 as at September 30, 2026.
- Cash and cash equivalents 45,551.33; net cash used in operating activities (3,427.09) for the six months.
What the auditors' review report says
The report states that the conclusion is not modified. It draws attention to several notes in the results:
- Note 5A: non-accounting of Quarterly Guaranteed Revenue totalling Rs. 80 crores, which the company has not booked on the view that collection of the consideration is not probable in the near future.
- Note 5B: the Nashik parking-site toll collection project, where there was no toll collection in the earlier financial year and in the current quarter and year to date; a termination notice was sent in September 2023, the company has shared for commercial arbitration, and NMSCDCL has invoked the Bank Guarantee on 20.10.2025. The unamortised capital cost carried in the balance sheet is Rs. 3.07 Crores as at September 30, 2026.
- A GST demand order for FY 2019-20 to FY 2022-23 of Rs. 9.08 crores, disallowing Input Tax Credit claimed in that period; the company has shared an appeal before GST (Appeals).
- An income tax search and block assessment for 2014-15 to 2019-20, with assessment orders raising a fresh demand of Rs. 3.14 crores.
- The financial statements of two subsidiaries, Leading Edge Infotech Limited and Trigyn Technologies (India) Private Limited, have been prepared on a going concern basis despite negative net worth, as they depend on financial support from the holding company.
- The interim financial information of eight subsidiaries, reflecting total assets of ₹73,376.02 lakhs, was not reviewed by the auditors and is certified by the management.
How to read this
The update combines the September-quarter results with two committee changes; the profit figures are for continuing and discontinued operations taken together, so the line item matters when comparing. The review conclusion itself is unmodified, while the matters listed above are items the auditors have pointed to for the reader's attention rather than adjustments to the numbers.
₹28,285.13 lakhRevenue from operations, consolidated, quarter (Rupees in lakhs
Total income, year-ago quarter24,602.75 (Rupees in lakhs)
Total comprehensive income, year-ago quarter2,450.70 (Rupees in lakhs)
Total comprehensive income, latest quarter927.06 (Rupees in lakhs)
Fresh income tax demand on block assessmentRs.3.14 crores
Also from Trigyn Technologies
September quarter and half-year results: consolidated revenue Rs. 28,285.13 Lakhs, profit Rs. 1,268.93 Lakhs
4 Nov 2026
Board approves unaudited Q2 results; Audit Committee and NRC reconstituted
4 Nov 2026
Board meeting on November 04, 2026 to approve unaudited results for quarter and half year ended September 30, 2026
29 Oct 2026
More numbers
- Net profit from Continuing Operations, consolidated, quarter (Rupees in lakhs)1,268.93
- Quarterly Guaranteed Revenue not accountedRs. 80 crores
- Unamortised capital cost, Nashik toll project, as at September 30, 2026Rs. 3.07 Crores
- GST demand for FY 2019-20 to FY 2022-23Rs. 9.08 crores
- Fresh income tax demand on block assessmentRs.3.14 crores
- Total income, latest quarter28,726.05 (Rupees in lakhs)
- Total income, year-ago quarter24,602.75 (Rupees in lakhs)
- Total income, previous quarter25,705.68 (Rupees in lakhs)
- Total comprehensive income, latest quarter927.06 (Rupees in lakhs)
- Total comprehensive income, year-ago quarter2,450.70 (Rupees in lakhs)
- Total comprehensive income, previous quarter2,807.59 (Rupees in lakhs)
- Profit after tax, latest quarter1,258.70 (Rupees in lakhs)
- Profit after tax, year-ago quarter527.21 (Rupees in lakhs)
- Profit after tax, previous quarter348.75 (Rupees in lakhs)
- Revenue from operations, latest quarter28,285.13 (Rupees in lakhs)
- Revenue from operations, year-ago quarter24,195.14 (Rupees in lakhs)
- Revenue from operations, previous quarter25,275.74 (Rupees in lakhs)
- Profit before tax, latest quarter1,714.98 (Rupees in lakhs)
- Profit before tax, year-ago quarter477.80 (Rupees in lakhs)
- Profit before tax, previous quarter612.24 (Rupees in lakhs)
Source: BSE · 4 Nov 2026
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