Taurian MPS Limited first-half revenue rises 73%, profit doubles

Taurian MPS Limited reported revenue from operations of Rs 56.01 crore for the half year ended September 30, 2026, up 73.5% from a year earlier, while net profit rose 108.6% to Rs 7.65 crore. Both measures were lower than in the immediately preceding half year ended March 31, 2026.

How did Taurian MPS perform in the September 2026 half year?

Taurian MPS increased revenue from operations to Rs 56.01 crore in the half year ended September 30, 2026, from Rs 32.29 crore in the half year ended September 30, 2025. The increase was 73.5%, calculated from the reported standalone figures, while total revenue rose to Rs 56.47 crore from Rs 32.29 crore.

Net profit was Rs 7.65 crore, compared with Rs 3.67 crore a year earlier, an increase of 108.6%. Profit before tax rose to Rs 10.61 crore from Rs 5.24 crore, while total expenses increased to Rs 45.87 crore from Rs 27.05 crore. The September 2026 figures were unaudited standalone results.

What changed in Taurian MPS’s profit and costs year on year?

Taurian MPS’s profit before tax grew faster than revenue from operations, rising 102.3% against the 73.5% increase in operating revenue. Profit before tax was equivalent to about 18.8% of total revenue in the September 2026 half year, compared with about 16.2% a year earlier, based on the company’s reported amounts.

Raw-material and component costs were Rs 37.36 crore in the September 2026 half year, up from Rs 15.97 crore in the corresponding period a year earlier. Employee-benefit expense increased to Rs 6.08 crore from Rs 3.15 crore, finance costs rose to Rs 1.10 crore from Rs 0.65 crore, and other expenses increased to Rs 6.22 crore from Rs 2.72 crore.

Taurian MPS reported current tax of Rs 2.65 crore, compared with Rs 1.31 crore in the September 2025 half year. Deferred tax expense was Rs 30.19 lakh, compared with Rs 26.85 lakh, leaving net profit Rs 3.98 crore above the prior-year figure.

How did Taurian MPS compare with the preceding half year?

Taurian MPS reported lower operating revenue and net profit than in the half year ended March 31, 2026. Revenue from operations fell 16.5% to Rs 56.01 crore from Rs 67.06 crore, while net profit declined 39.0% to Rs 7.65 crore from Rs 12.54 crore, based on the reported half-year amounts.

Profit before tax was Rs 10.61 crore in the September 2026 half year, compared with Rs 16.26 crore in the March 2026 half year. Total expenses declined to Rs 45.87 crore from Rs 50.97 crore, but the decline in revenue was larger in absolute terms than the reduction in total expenses. The filing does not provide a segment-wise explanation for the sequential movement.

Earnings per equity share were Rs 8.61 for the half year ended September 30, 2026, compared with Rs 16.15 for the half year ended March 31, 2026. Taurian MPS reported 88,83,200 fully paid equity shares in both periods and stated that the September 2026 earnings-per-share figure was not annualised.

What changed in Taurian MPS’s balance sheet at September 2026?

Taurian MPS reported total assets and liabilities of Rs 148.67 crore as at September 30, 2026, compared with Rs 134.28 crore as at March 31, 2026. Reserves and surplus rose to Rs 85.75 crore from Rs 78.10 crore, while share capital was unchanged at Rs 8.88 crore.

Capital work-in-progress increased to Rs 10.47 crore at September 30 from Rs 74.41 lakh at March 31. Tangible assets rose to Rs 26.43 crore from Rs 20.58 crore, inventories increased to Rs 51.49 crore from Rs 46.84 crore, and trade receivables fell to Rs 46.07 crore from Rs 49.46 crore.

Short-term borrowings rose to Rs 29.13 crore from Rs 22.38 crore over the six months. Long-term borrowings moved in the other direction, declining to Rs 1.85 crore from Rs 2.17 crore, while cash and bank balances increased to Rs 2.36 crore from Rs 9.87 lakh.

What cash flows did Taurian MPS report for the first half?

Taurian MPS reported net cash generated from operating activities of Rs 14.68 crore for the half year ended September 30, 2026. The reported operating cash generation followed Rs 10.61 crore of profit before tax and working-capital movements that included a Rs 3.39 crore reduction in trade receivables and a Rs 4.65 crore increase in inventories.

Investing activities used Rs 17.77 crore during the period. The filing lists Rs 4.58 crore spent on property, plant and equipment, Rs 1.16 crore on intangible assets and Rs 4.73 crore on capital work-in-progress among the investing cash-flow items.

Financing activities generated Rs 5.36 crore, including Rs 6.75 crore of proceeds from short-term borrowings and repayment of Rs 32.58 lakh of long-term borrowings. Taurian MPS reported a net increase in cash and cash equivalents of Rs 2.27 crore, taking closing cash and cash equivalents to Rs 2.36 crore.

Were Taurian MPS’s September 2026 financial results reviewed?

Taurian MPS’s September 2026 standalone results were unaudited and subject to a limited review by Jay Gupta & Associates, dated November 2, 2026. The auditor said that nothing had come to its attention that caused it to believe the statement had not made required disclosures or contained a material misstatement.

The Board approved the results on November 2, 2026, after they were reviewed by the Audit Committee. The company said the September 2025 comparative information was based on management-certified financial statements and had not been audited or reviewed, while the March 2026 half-year figures were audited balancing figures between the full-year results and the September 2025 half-year figures.

Conclusion

Taurian MPS delivered substantial year-on-year growth in the half year ended September 30, 2026, with operating revenue increasing to Rs 56.01 crore and net profit reaching Rs 7.65 crore. The results also show a sequential decline from the March 2026 half year, when operating revenue was Rs 67.06 crore and net profit was Rs 12.54 crore.

The next disclosures to watch are those that explain the Rs 10.47 crore capital work-in-progress balance and its deployment, as the filing provides no project-level detail. Investors can also track whether short-term borrowings, which increased to Rs 29.13 crore at September 30, change alongside inventories of Rs 51.49 crore and trade receivables of Rs 46.07 crore.