Trom Industries September-half profit rises 8% as sales double

Trom Industries Limited reported profit for the half year ended September 30, 2026 of Rs 4.73 crore, up 8% from Rs 4.39 crore a year earlier, while revenue from operations increased 93% to Rs 77.54 crore. Total expenses rose 107% to Rs 72.00 crore, which limited the increase in reported profit.

How did Trom Industries perform in the September 2026 half year?

Trom Industries reported revenue from operations of Rs 77.54 crore for the half year ended September 30, 2026, compared with Rs 40.13 crore in the corresponding half ended September 30, 2025. The Rs 37.41 crore increase represented growth of about 93%, taking revenue to nearly twice the year-earlier level.

Other income increased to Rs 77.51 lakh from Rs 59.79 lakh, lifting total income to Rs 78.32 crore from Rs 40.73 crore. Trom Industries identified its operation as the Solar Business and said no separate segment information was provided under Accounting Standard 17, Segment Reporting.

Trom Industries recorded profit before tax of Rs 6.32 crore, compared with Rs 5.97 crore in the corresponding 2025 half, while profit for the period increased by Rs 33.97 lakh. Basic and diluted earnings per share were Rs 5.14, compared with Rs 4.77, and the weighted average number of shares was 91,94,866 in both half-year periods.

Why did Trom Industries’ profit increase less than revenue?

Trom Industries’ profit increased more slowly than revenue because total expenses climbed to Rs 72.00 crore from Rs 34.76 crore, an increase of about 107% that exceeded the 93% growth in revenue from operations. As a result, the Rs 37.59 crore rise in total income translated into a Rs 33.97 lakh increase in profit for the period.

Purchases of stock-in-trade rose to Rs 73.37 crore from Rs 31.19 crore. Changes in inventories of finished goods, work-in-progress and stock-in-trade were negative Rs 8.60 crore, compared with negative Rs 4.62 crore a year earlier, reducing the total expense recorded from purchases and inventory movements.

Employee benefits expense increased to Rs 1.81 crore from Rs 1.30 crore, while finance cost rose to Rs 1.66 crore from Rs 97.18 lakh. Depreciation and amortisation expense was Rs 23.10 lakh against Rs 3.75 lakh, although other expenses declined to Rs 3.53 crore from Rs 5.88 crore.

Tax expense was Rs 1.59 crore for the September 2026 half, compared with Rs 1.58 crore in the prior-year half. Current tax was Rs 1.67 crore, while deferred tax was a credit of Rs 8.16 lakh; the corresponding figures a year earlier were current tax of Rs 1.51 crore and deferred tax expense of Rs 6.85 lakh.

What changed in Trom Industries’ balance sheet?

Trom Industries’ total assets were Rs 120.29 crore at September 30, 2026, compared with Rs 104.69 crore at March 31, 2026. Current assets increased to Rs 118.50 crore from Rs 98.25 crore, while non-current assets declined to Rs 1.79 crore from Rs 6.44 crore.

Inventories increased by Rs 8.60 crore over the six months to Rs 41.26 crore, and trade receivables rose by Rs 8.91 crore to Rs 38.93 crore. Cash and cash equivalents decreased by Rs 87.34 lakh to Rs 26.49 crore from Rs 27.36 crore at March 31, 2026.

Short-term borrowings increased to Rs 31.35 crore from Rs 27.79 crore, while long-term borrowings rose to Rs 7.87 crore from Rs 4.08 crore. Total shareholder funds were Rs 58.39 crore at September 30, compared with Rs 53.67 crore at March 31, including reserves and surplus of Rs 49.20 crore.

Current liabilities reached Rs 53.50 crore from Rs 41.96 crore at the March year-end. Within these liabilities, dues to creditors other than micro and small enterprises increased to Rs 15.14 crore from Rs 1.92 crore, while trade payables to micro and small enterprises declined to Rs 3.73 crore from Rs 8.70 crore.

What did Trom Industries report on cash flow and financing?

Trom Industries reported net cash used in operating activities of Rs 7.10 crore for the half year ended September 30, 2026. Cash generated from operations was negative Rs 5.47 crore before income-tax expense, compared with negative Rs 1.86 crore for the year ended March 31, 2026.

The operating outflow reflected an Rs 8.60 crore increase in inventories and an Rs 8.91 crore increase in trade receivables. These were partly offset by an Rs 8.24 crore increase in trade payables, while other current assets increased by Rs 3.71 crore and income-tax expense was Rs 1.67 crore.

Net cash from investing activities was Rs 5.28 crore in the September 2026 half. The investing inflow included Rs 4.89 crore from the decrease in other non-current assets and Rs 77.47 lakh of interest income, partly offset by Rs 38.85 lakh spent on fixed assets.

Net cash from financing activities was Rs 94.76 lakh. Trom Industries reported Rs 3.79 crore of proceeds from long-term borrowings and a Rs 3.55 crore increase in short-term borrowings, offset by Rs 4.74 crore reduction in other long-current liabilities and Rs 1.66 crore of interest and other expenses paid on borrowings.

How were Trom Industries’ results reviewed and prepared?

Trom Industries said its Audit Committee reviewed the results and its Board of Directors approved them on November 3, 2026. The company filed the unaudited results for the half year ended September 30, 2026 under Regulation 33 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

The filing says the financial results were prepared under Accounting Standards prescribed under Section 133 of the Companies Act, 2013. The limited review report says the half-year statement was prepared using Accounting Standard 25, Interim Financial Reporting, and that the independent auditor conducted its review under Standard on Review Engagement 2410.

The filing also states that companies whose securities are listed on the small and medium enterprises exchange are exempt from compulsory adoption of Indian Accounting Standards under the cited Ministry of Corporate Affairs notification. Trom Industries reported no investor complaints received or pending as of November 3, 2026.

Conclusion

Trom Industries delivered sharply higher September-half revenue, with operations generating Rs 77.54 crore against Rs 40.13 crore a year earlier. However, purchases of stock-in-trade, employee benefits and finance costs contributed to expenses increasing faster than revenue, leaving profit for the period up about 8% at Rs 4.73 crore.

The disclosed issue to watch in subsequent filings is working-capital conversion. At September 30, inventories were Rs 41.26 crore and receivables were Rs 38.93 crore, while operating activities used Rs 7.10 crore of cash during the half and short-term borrowings stood at Rs 31.35 crore.