TTTrigyn Technologies517562Quarterly results

Board approves unaudited Q2 results; Audit Committee and NRC reconstituted

Board approved unaudited Q2 and half-year results: revenue from operations Rs. 28,285.13 lakhs, total profit Rs. 1,258.70 lakhs, basic EPS Rs. 4.09 for the quarter.

By ScoutQuest · Wed 4 Nov 2026, 9:02 PM IST · 3 min read

Revenue from operations (Q2)

Rs. 28,285.13 lakhs

Total profit (Q2)

Rs. 1,258.70 lakhs

Basic EPS (Q2)

Rs. 4.09

The board of Trigyn Technologies met on November 04, 2026 and approved two items: the unaudited financial results for the quarter and half year ended September 30, 2026, and a reconstitution of two board committees.

How the quarter looked (consolidated)

• Revenue from operations was Rs. 28,285.13 lakhs for the quarter, against Rs. 24,195.14 lakhs in the same quarter a year earlier. For the half year it was Rs. 53,560.86 lakhs, against Rs. 46,645.12 lakhs.
• Total income for the quarter was Rs. 28,726.05 lakhs, and profit before tax was Rs. 1,714.98 lakhs.
• Total profit for the period, after tax and after the loss from discontinued operations, was Rs. 1,258.70 lakhs for the quarter, against Rs. 527.21 lakhs a year earlier. For the half year it was Rs. 1,607.44 lakhs, against Rs. 66.32 lakhs.
• Basic and diluted earnings per share were Rs. 4.09 for the quarter and Rs. 5.22 for the half year, covering continuing and discontinued operations. Earnings per share from continuing operations alone were Rs. 4.12 for the quarter.
• Employee benefit expense was Rs. 11,919.08 lakhs for the quarter and other expenses were Rs. 14,887.44 lakhs.
• Cash and cash equivalents stood at Rs. 45,551.33 lakhs as at September 30, 2026, against Rs. 47,400.96 lakhs as at March 31, 2026. Total equity was Rs. 83,406.56 lakhs.

Points the auditors drew attention to

The auditors, V. Rohatgi & Co., stated that their conclusion is not modified, while inviting attention to several notes in the results.

• Non-accounting of quarterly guaranteed revenue totalling Rs. 80 crores. The company's position is that it is probable it will not be able to collect the consideration in the near future, and the auditors relied on an independent expert's opinion that recognition may be postponed until there is reasonable certainty on realisation.
• The Nashik parking-sites toll project: there was no toll collection in the earlier financial year and in the current quarter and half year. A termination notice was sent in September 2023, the company has shared for commercial arbitration, the bank guarantee was invoked on 20.10.2025, and unamortized capital cost carried in the balance sheet as of September 30, 2026 is Rs. 3.07 Crores.
• A GST order confirming a demand of Rs. 9.08 crores for FY 2019-20 to FY 2022-23, disallowing input tax credit claimed in that period; the company has shared an appeal.
• Following an Income Tax search under section 132 and block assessment notices for 2014-15 to 2019-20, assessment orders were received raising a fresh demand of Rs.3.14 crores.
• Two subsidiaries, Leading Edge Infotech Limited and Trigyn Technologies (India) Private Limited, have negative net worth, are not able to meet their commitments independently and depend on the holding company's support; their accounts are prepared on a going concern basis, and the management is exploring alternatives such as merger, amalgamation or liquidation.
• Other expenses include an expected credit loss provision; the cumulative ECL is Rs. 3.19 crores for TTInc and Rs. 67.05 Crores for TTL.

Committee reconstitution, effective November 04, 2026

• Audit Committee: Mr. Narendra Bhandari, Independent Director, inducted as a member in place of Mr. Syed Ahmed Sultan, Independent Director. The committee now comprises Mr. Vijay Mallya as Chairperson, Dr. Raja Mohan Rao and Mr. Narendra Bhandari.
• Nomination and Remuneration Committee: Mr. Narendra Bhandari inducted as a member in place of Mr. Vijay Mallya. The NRC now comprises Ms. Lakshmi Potluri as Chairperson, Dr. Raja Mohan Rao, Mr. Syed Ahmed Sultan, Mr. Ishwar Halalli and Mr. Narendra Bhandari.
• There is no change in the composition of the Stakeholders' Relationship Committee, the Corporate Social Responsibility Committee and the Management Committee.

The two sides of the same update

• The committee changes alter who sits on the two committees; they do not change the reported numbers.
• The profit figures are higher than in the same period a year earlier, while the auditors' comments list several separate matters, including a large revenue item not recognised, a stalled toll project, a GST demand and an income tax demand, that sit alongside those numbers.
• The figures above are consolidated and unaudited, and are stated in lakhs unless mentioned otherwise.

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