Tolins Tyres September profit nearly doubles to Rs 4.371 crore

Tolins Tyres Limited reported standalone profit after tax of Rs 4.371 crore for the quarter ended 30 September 2026, nearly double Rs 2.281 crore a year earlier. Revenue from operations rose to Rs 57.318 crore, while changes in inventories became a Rs 3.508 crore credit rather than a Rs 6.238 crore expense.

How did Tolins Tyres perform in the September 2026 quarter?

Tolins Tyres recorded total income of Rs 57.512 crore in the quarter ended 30 September 2026, compared with Rs 45.333 crore in the corresponding quarter of 2025 and Rs 45.619 crore in the June 2026 quarter. Revenue from operations increased to Rs 57.318 crore from Rs 44.599 crore a year earlier and Rs 45.509 crore sequentially. Other income, however, declined to Rs 19.4 lakh from Rs 73.4 lakh in September 2025.

Profit before tax was Rs 5.962 crore, versus Rs 2.997 crore a year earlier and Rs 4.161 crore in the preceding quarter. Tax expense rose to Rs 1.591 crore from Rs 71.6 lakh in September 2025, resulting in profit after tax of Rs 4.371 crore. Basic and diluted earnings per share, which are not annualised, were Rs 1.11, compared with Rs 0.58 a year earlier and Rs 0.79 in June 2026.

Tolins Tyres reported a net profit ratio of 7.63% for the September 2026 quarter, calculated as profit after tax divided by revenue from operations. This was above 5.12% in the September 2025 quarter and 6.85% in June 2026. The company operates predominantly in one segment, manufacture and sale of tyres and related rubber products, so the standalone statement provides no separate segment revenue or profit figures.

What drove Tolins Tyres' higher quarterly profit?

Tolins Tyres' higher quarterly profit reflected revenue growth and the inventory movement, despite a sharp increase in material consumption. Cost of materials consumed rose to Rs 49.344 crore from Rs 29.949 crore in the year-earlier quarter and Rs 36.902 crore in June 2026. The September 2026 material-cost line was therefore Rs 19.395 crore higher year on year.

Changes in inventories of finished goods, stock-in-trade and work-in-progress were a Rs 3.508 crore credit in the September 2026 quarter. The same line was a Rs 6.238 crore expense in September 2025 and a Rs 85.7 lakh credit in June 2026. This created a Rs 9.746 crore year-on-year movement in the reported expense base, while total expenses increased to Rs 51.550 crore from Rs 42.336 crore.

Employee benefit expense was Rs 1.832 crore, compared with Rs 1.776 crore a year earlier. Other expenses fell to Rs 2.795 crore from Rs 3.420 crore, while depreciation and amortisation increased to Rs 98 lakh from Rs 85.7 lakh. Finance costs were Rs 10.7 lakh, compared with Rs 9.6 lakh in September 2025, and total income increased by Rs 12.179 crore year on year.

How did Tolins Tyres' first-half results compare with last year?

Tolins Tyres earned Rs 7.487 crore after tax in the half year ended 30 September 2026, compared with Rs 7.101 crore in the corresponding prior-year half. The increase in first-half profit came even as revenue from operations declined to Rs 102.827 crore from Rs 107.891 crore. Profit before tax rose to Rs 10.122 crore from Rs 9.423 crore, while total tax expense increased to Rs 2.635 crore from Rs 2.322 crore.

Material consumption declined to Rs 86.246 crore in the 2026 half year from Rs 105.468 crore in the prior-year half. The inventory-change line was a Rs 4.365 crore credit, compared with a larger Rs 18.619 crore credit in the corresponding period of 2025. Employee benefit expense fell to Rs 3.469 crore from Rs 4.092 crore, and other expenses declined to Rs 5.601 crore from Rs 7.010 crore.

Total expenses were Rs 93.009 crore for the first half, down from Rs 99.921 crore a year earlier. The first-half net profit ratio was 7.28%, compared with 6.58% in the prior-year half. Total comprehensive income was Rs 7.512 crore, including a Rs 2.5 lakh gain from remeasurement of defined benefit plans, against Rs 7.083 crore in the previous year's first half.

What do Tolins Tyres' balance sheet and cash flows show?

Tolins Tyres had total assets of Rs 336.505 crore at 30 September 2026, up from Rs 325.069 crore at 31 March 2026. Total equity increased to Rs 316.493 crore from Rs 308.978 crore. Property, plant and equipment rose to Rs 25.455 crore from Rs 21.841 crore, while capital work-in-progress declined to Rs 3.056 crore from Rs 7.218 crore.

Inventories were Rs 113.825 crore at 30 September 2026, slightly below Rs 114.481 crore at 31 March 2026. Trade receivables increased to Rs 120.481 crore from Rs 102.959 crore over the same period. The disclosed trade-receivables period for the half year was 214.41 days, compared with 146.01 days in the half year ended 30 September 2025.

Net cash from operating activities was Rs 2.943 crore for the half year ended 30 September 2026, compared with net cash used of Rs 24.849 crore a year earlier. A Rs 17.519 crore increase in trade receivables offset a Rs 6.56 crore decrease in inventories and a Rs 9.339 crore increase in trade payables. Cash and cash equivalents fell to Rs 24.5 lakh at 30 September 2026 from Rs 4.024 crore at 31 March 2026.

What investment and borrowing changes did Tolins Tyres disclose?

Tolins Tyres reported total borrowings of Rs 2.231 crore at 30 September 2026, comprising Rs 1.605 crore of current borrowings and Rs 62.6 lakh of non-current borrowings. This compared with total borrowings of Rs 3.554 crore at 31 March 2026. Its disclosed debt-equity ratio was 0.01 times at 30 September 2026, versus 0.02 times a year earlier.

Tolins Tyres retained 100% holdings in Tolin Rubbers Private Limited, Tolins Tyres LLC and Terra Rubber Private Limited. The company disclosed an additional Rs 6 lakh equity investment in Terra Rubber on 6 May 2026 and a further Rs 1.32 crore investment during the September 2026 quarter. Non-current investments on the standalone balance sheet rose to Rs 65.620 crore at 30 September 2026 from Rs 64.240 crore at 31 March 2026.

The board approved the unaudited standalone results on 14 November 2026 after review by the audit committee. The company stated that the results were prepared under Indian Accounting Standards, or Ind AS, and Regulation 33 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

Conclusion

Tolins Tyres' September-quarter standalone earnings increased faster than revenue, with profit after tax reaching Rs 4.371 crore on revenue of Rs 57.318 crore. Higher material consumption of Rs 49.344 crore was accompanied by a Rs 3.508 crore inventory credit, compared with a Rs 6.238 crore inventory expense a year earlier, while other expenses declined by Rs 62.5 lakh.

The disclosed matters to watch are the Rs 17.522 crore rise in trade receivables since 31 March 2026, the related 214.41-day first-half receivables period, and the Rs 1.38 crore of additional equity investment in Terra Rubber during May and the September quarter. Tolins Tyres' next financial disclosure can show how these balance-sheet movements develop alongside quarterly revenue and inventory changes.