Thomas Scott H1 profit rises 43% to Rs 11.72 crore year on year

Thomas Scott (India) Limited reported profit for the period of Rs 11.72 crore for the half year ended September 30, 2026, up 43% from Rs 8.18 crore a year earlier, as revenue from operations increased 31% to Rs 144.74 crore. The unaudited standalone results were approved by the board on November 12, 2026.

How did Thomas Scott perform in the half year ended September 2026?

Thomas Scott recorded profit for the period of Rs 11.72 crore in the half year ended September 30, 2026, compared with Rs 8.18 crore in the corresponding half year ended September 30, 2025. Revenue from operations rose by Rs 33.92 crore to Rs 144.74 crore, while total income increased to Rs 144.77 crore from Rs 110.83 crore.

Profit before tax increased to Rs 15.00 crore in the September 2026 half year from Rs 12.51 crore a year earlier. The post-tax profit increase outpaced the pre-tax increase because the tax charge fell to Rs 3.27 crore from Rs 4.32 crore, with the prior-year half year including Rs 1.60 crore of provision for tax for earlier years.

Basic and diluted earnings per share were Rs 7.97 for the half year ended September 30, 2026, against Rs 5.74 in the comparable 2025 period. Thomas Scott stated that the earnings-per-share figures, based on shares with a face value of Rs 10 each, were not annualised.

What were Thomas Scott's September-quarter results?

Thomas Scott reported quarterly profit of Rs 6.29 crore for the quarter ended September 30, 2026, compared with Rs 4.72 crore for the quarter ended September 30, 2025. Quarterly revenue from operations reached Rs 78.92 crore, up from Rs 56.93 crore, while total income was Rs 78.94 crore against Rs 56.94 crore.

Profit before tax in the September 2026 quarter was Rs 8.11 crore, compared with Rs 7.30 crore in the year-earlier quarter. Current tax was Rs 1.93 crore, below Rs 2.50 crore a year earlier, while deferred tax was a credit of Rs 10.15 lakh rather than a Rs 8.32 lakh charge.

Compared with the immediately preceding quarter ended June 30, 2026, revenue rose from Rs 65.82 crore to Rs 78.92 crore and profit increased from Rs 5.44 crore to Rs 6.29 crore. Profit before tax rose from Rs 6.88 crore in the June quarter to Rs 8.11 crore in the September quarter, even as finance costs increased from Rs 98.90 lakh to Rs 1.33 crore.

Which Thomas Scott expenses changed in the half year?

Thomas Scott's total expenses rose to Rs 129.73 crore in the half year ended September 30, 2026 from Rs 98.32 crore a year earlier. Cost of materials consumed increased to Rs 53.64 crore from Rs 45.06 crore, while purchases of stock-in-trade rose to Rs 41.94 crore from Rs 33.49 crore.

Other expenses increased to Rs 50.14 crore from Rs 21.00 crore, the largest absolute increase among the stated expense lines. That movement was partly offset by changes in inventories of finished goods and work-in-progress, which were recorded at negative Rs 28.94 crore in the 2026 half year, compared with negative Rs 12.77 crore in the 2025 period.

Employee benefits expense declined to Rs 8.95 crore from Rs 9.57 crore across the two half years. Finance costs rose to Rs 2.32 crore from Rs 90.25 lakh, and depreciation and amortisation expense increased to Rs 1.68 crore from Rs 1.17 crore; the filing gives no further line-item explanation for the increase in other expenses.

What does Thomas Scott disclose about its business and review?

Thomas Scott said it is primarily engaged in a single business segment of manufacturing and trading textile products. For the half year ended September 2026, export turnover was nil, so the company did not provide geographical segment reporting or a separate revenue split between its manufacturing and trading activities.

The results are unaudited standalone financial results prepared under Indian Accounting Standard 34, Interim Financial Reporting. Bharat Gupta & Co. conducted a limited review under Standard on Review Engagement 2410 and said nothing had come to its attention that caused it to believe the statement did not make the disclosures required under the listing regulations.

Thomas Scott's audit committee and board approved the results on November 12, 2026. Paid-up equity share capital was Rs 14.85 crore at September 30, 2026, compared with Rs 14.67 crore at September 30, 2025, while the results statement showed reserve excluding revaluation reserves of Rs 122.64 crore at March 31, 2026.

How did September 2026 compare with the March 2026 full year?

Thomas Scott's half-year revenue of Rs 144.74 crore represented more than half of the Rs 254.89 crore reported for the year ended March 31, 2026. Half-year profit of Rs 11.72 crore was also below the full-year profit of Rs 19.30 crore, leaving the September 2026 period with two reported quarters against the 12-month March 2026 comparison.

Finance costs in the September 2026 half year were Rs 2.32 crore, compared with Rs 2.68 crore for the full year ended March 2026. Depreciation and amortisation of Rs 1.68 crore in the half year compared with Rs 2.55 crore for that full year, while employee benefits expense was Rs 8.95 crore versus Rs 20.53 crore.

Conclusion

Thomas Scott combined a 31% rise in half-year revenue to Rs 144.74 crore with a 43% increase in profit to Rs 11.72 crore for the period ended September 30, 2026. Materials costs, stock-in-trade purchases, finance costs, depreciation and other expenses rose, while employee benefits expense declined and the prior-year tax charge included a Rs 1.60 crore provision for earlier years.

The November 12, 2026 filing does not specify a future target or reporting date. The next results will show whether Thomas Scott can sustain the September-quarter revenue level of Rs 78.92 crore, whether finance costs remain above the Rs 2.32 crore recorded for the half year, and whether it adds detail on other expenses of Rs 50.14 crore or nil export turnover.