Thacker and Company FY26 PAT falls 15% to ₹3.01 crore

Key FY26 takeaway for investors

Thacker and Company Limited reported a weaker standalone performance for FY26, with profit declining even as other income improved. Standalone net profit after tax (PAT) fell 15% year-on-year to ₹3.01 crore for the year ended March 31, 2026. The company attributed the decline primarily to a drop in revenue from operations. At the same time, other income increased, supported by higher interest income from inter-corporate deposits and investment activities. The mix of lower operating revenue and higher non-operating income shaped the year’s results.

Standalone PAT declines on lower operating revenue

Standalone PAT for FY26 came in at ₹3.01 crore, compared with ₹3.53 crore in FY25. The earnings decline broadly tracked the contraction in revenue from operations, which fell to ₹2.33 crore from ₹3.07 crore. The company said lower sales of services drove the fall, and the impact was only partly offset by an increase in leave and licence fees. Earnings per share (EPS) also moderated, declining 15% to ₹27.62 from ₹32.48. These movements indicate that the year’s pressure was concentrated in core operating lines rather than in exceptional items.

Total income falls, other income rises

Total income stood at ₹5.76 crore in FY26 versus ₹6.32 crore in FY25, implying a 9% decline. Despite the top-line contraction, other income rose 5.2% to ₹3.43 crore from ₹3.26 crore. The company linked this increase to higher interest income from inter-corporate deposits and investment activities. With other income forming a significant share of total income, the FY26 profile shows a heavier reliance on treasury and investment-led streams. The contrast between operating weakness and non-operating strength is central to how the year played out.

Profitability: gross profit before interest and depreciation eases

Thacker and Company reported a gross profit before interest and depreciation of ₹5.01 crore in FY26, down from ₹5.64 crore in FY25. The company described this as a result of financial discipline even as operating revenue contracted. The gap between the year-on-year movement in operating revenue and the gross profit line suggests the cost structure did not expand aggressively during the period. Still, the decline indicates that the company could not fully offset lower operating inflows with cost controls alone. Investors typically track this line to understand how resilient profitability is when operating activity slows.

Standalone financials at a glance (FY26 vs FY25)

Quarter snapshot: March 2026 print

For the quarter ended March 31, 2026 (audited), total income from operations was reported at ₹1.26 crore. Total expenses for the quarter were ₹0.46 crore, while profit before tax was ₹0.80 crore. Net profit for the quarter stood at ₹0.64 crore, with EPS at ₹5.88. The company also disclosed the full-year expense line of ₹1.87 crore in FY26 compared with ₹2.01 crore in FY25, alongside profit before tax of ₹3.89 crore versus ₹4.32 crore. These quarter and full-year lines help contextualise how the annual decline was distributed across the year.

Board approval and dividend decision

The Board of Directors approved the audited financial results on May 27, 2026. The company also said it did not recommend a dividend for FY26. For investors, the dividend call is a key governance and capital-allocation datapoint, especially in years where operating revenue is under pressure. The May approval date provides a reference point for when audited numbers were finalised and placed before the market.

Consolidated numbers and OCI: what was disclosed

Alongside standalone performance, the company disclosed consolidated figures in multiple places. One disclosure states consolidated net profit after taxes and share of associates was ₹19.12 crore for FY26. Another disclosure states the consolidated financial results showed a net profit of ₹3.15 crore for the year ended March 31, 2026. In addition, the company recorded an other comprehensive loss of ₹7.63 crore for the year, primarily due to changes in the fair value of FVOCI equity instruments. These items matter because they can influence net worth and reported comprehensive income even when standalone operations are stable.

Market data point mentioned in the release

The material also included a price move of -₹0.20 (-0.02%). No further context was provided alongside this figure in the text. Readers should treat it as a standalone datapoint from the same information set, rather than as a full description of market reaction. The core financial story remains the mix of weaker operating revenue and stronger other income.

Conclusion

Thacker and Company’s FY26 standalone results show a 15% drop in PAT to ₹3.01 crore, led by a sharp fall in revenue from operations even as other income increased on higher interest and investment activity. Total income declined 9% to ₹5.76 crore, and EPS eased to ₹27.62. The board approved audited results on May 27, 2026, and did not recommend a dividend for FY26. Going forward, investors will likely watch whether operating revenue stabilises and how the company’s investment-led income and FVOCI-linked fair value changes evolve in subsequent disclosures.