Tandhan Industries Q4 FY26: PAT up 1613%, income ₹45.74 Cr

What Tandhan Industries reported for Q4 FY26

Tandhan Industries Ltd reported a sharp year-on-year (YoY) jump in profit for the March 2026 quarter, alongside total income of ₹45.74 crore. The company’s operating profit for the quarter was ₹7.18 crore, translating into an operating margin of 15.69%. Profit after tax (PAT) for Q4 FY26 stood at ₹6.47 crore, up 1,612.92% YoY from ₹0.38 crore in the March 2025 quarter, based on the quarterly comparison provided.

The same dataset shows total revenue of ₹45.74 crore for the quarter ended March 2026, compared with ₹0.00 crore in the year-ago quarter. Expense lines also expanded significantly on a YoY basis in the March 2026 quarter, consistent with a quarter that includes revenue and operating activity at a much higher scale than earlier periods shown in the table.

Key Q4 FY26 numbers at a glance

The Q4 FY26 snapshot below reflects the figures listed for the quarter ended March 2026.

Quarterly P&L line items: what moved in March 2026

In the quarterly table provided, total operating expense for March 2026 was ₹38.56 crore, compared with ₹0.08 crore in March 2025. Depreciation and amortization for March 2026 was ₹1.24 crore, with the earlier quarters shown as ₹0.00 crore in the same table. Other operating expenses totalled ₹5.68 crore, and selling, general and administrative expenses were ₹2.51 crore for March 2026.

On profitability, net income before taxes was reported at ₹6.66 crore in March 2026, compared with ₹0.38 crore in March 2025. Net income (PAT) was ₹6.47 crore for March 2026, compared with ₹0.38 crore in March 2025. The table also shows December 2025 net income of -₹0.05 crore and operating income of -₹0.06 crore, highlighting quarter-to-quarter volatility in the immediate prior period presented.

A second quarterly snapshot shows standalone losses

The provided material also includes a separate “Quarterly Result (All Figures in Cr.)” table that presents a different picture for the March 2026 quarter. In that table, operating revenue is shown as 0 across quarters, while other income is -₹0.02 crore in March 2026. It reports profit before tax at -₹0.13 crore and net profit at -₹0.14 crore for March 2026.

A “Quarterly Results Snapshot (Standalone) - Mar’26 - YoY” section also shows net sales of ₹0.00 crore and standalone net profit of -₹0.14 crore for March 2026, compared with ₹0.35 crore in March 2025. This standalone snapshot reports operating profit (PBDIT) excluding other income at -₹0.12 crore in March 2026 versus -₹0.05 crore in March 2025.

FY26 marks first year of consolidated reporting post-acquisition

Beyond quarterly movement, the company’s FY26 commentary in the provided text states that Tandhan Industries released results for the year ended March 31, 2026 as its first year of consolidated reporting following the complete acquisition of Tandhan Polyplast Limited. For FY26, consolidated revenue was reported at ₹100.10 crore and consolidated net profit at ₹10.84 crore.

In contrast, standalone operations for FY26 were reported with revenue of ₹0.14 crore and a standalone net loss of -₹0.20 crore. The same text also reiterates that the company “reported a net profit of 10.84 Cr in 2026,” aligning with the consolidated net profit figure mentioned.

Consolidated vs standalone FY26: the reported split

The FY26 split, as stated in the text, is summarised below.

Stock price context and peer set mentioned

The stock was reported trading 1.98% higher at ₹146.60 compared with its last closing price, at the timestamp “Wed Jun 24 2026 09:45:00.” The same text states the stock has returned 926.05% “in this year” and 6.05% over the last five days.

Peers listed alongside Tandhan Industries include ICICI Prudential Asset Management Company Ltd (-1.38%), HDFC Asset Management Company (-1.85%), and Multi Commodity Exchange of India (0.27%). The text also notes mutual fund holding data as “-%” with no specific value provided.

Market impact: what investors can and cannot infer from the numbers

The sharp YoY change in quarterly PAT is explicitly shown as a percentage change against a low base (₹0.38 crore in March 2025). At the same time, the presence of two separate quarterly presentations in the provided material matters for interpretation, because one set shows March 2026 PAT at ₹6.47 crore while another shows a standalone net loss of -₹0.14 crore.

What is clearly stated is that FY26 consolidated reporting followed a complete acquisition, and the consolidated financials show meaningful revenue (₹100.10 crore) alongside profit (₹10.84 crore). The standalone financials, in contrast, remain small in revenue terms (₹0.14 crore) and loss-making (-₹0.20 crore), as provided.

Analysis: why FY26 consolidation is the central development

From the disclosed figures, the most important structural change is the move to consolidated reporting after the acquisition of Tandhan Polyplast Limited. The FY26 consolidated revenue and profit numbers are far larger than the standalone base presented, indicating that group performance is now the primary lens through which annual results are being communicated.

For readers tracking quarterly performance, the March 2026 quarter data needs careful classification, because the standalone snapshot and the other quarterly highlights in the material point in different directions. The text also references an audited financial results publication under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with newspaper clippings dated 01 June 2026, signalling that the standalone and consolidated audited results were published.

Conclusion

Tandhan Industries’ reported Q4 FY26 highlights include total income of ₹45.74 crore, operating profit of ₹7.18 crore, and PAT of ₹6.47 crore with a 1,612.92% YoY increase shown in the quarterly comparison. Separately, standalone disclosures presented in the material show a March 2026 quarterly net loss of -₹0.14 crore and FY26 standalone net loss of -₹0.20 crore on revenue of ₹0.14 crore.

The FY26 consolidated outcome is clearly stated: ₹100.10 crore revenue and ₹10.84 crore net profit in the first year after the complete acquisition of Tandhan Polyplast Limited, with audited results published in newspapers as cited.