Rajasthan Tube Manufacturing Company Ltd — Profit Surges, Operations Still Weak
Rajasthan Tube Manufacturing reported a profit of ₹2.89 Cr in Q3 FY26, marking a sharp turnaround from a ₹0.001 Cr loss YoY. Revenue stood at ₹3.51 Cr, largely generated through sale of old inventory, as no production activity took place during the quarter.
The auditor flagged a timing mismatch in revenue recognition, noting that some Q3 sales were recorded in Q4 GST filings.
Outcome: Profit recovery visible, but core operations remain inactive.
Easy Trip Planners Ltd — Revenue Stable, Profit Turns Positive, Fundraise Approved
Easy Trip reported Q3 revenue of ₹1516.58 Cr, slightly higher than ₹1505.68 Cr YoY. The company posted a net profit of ₹34.13 Cr, a sharp improvement from a ₹360.43 Cr loss last year.
However, 9M revenue declined to ₹3837.88 Cr vs ₹4478.41 Cr YoY, and 9M net loss stood at ₹321.86 Cr vs ₹947.53 Cr profit YoY.
The board also approved an in-principle fundraise via equity and convertible securities, subject to approvals.
Outcome: Short-term profit recovery, but longer-term earnings pressure persists.
Shri Jagdamba Polymers Ltd — Profit Declines Despite Exceptional Gain
Standalone Q3 net profit fell to ₹8.31 Cr from ₹13.67 Cr YoY, while consolidated profit came at ₹7.75 Cr, also lower YoY.
The company recorded an exceptional gain of ₹2.86 Cr from insurance settlement. Finance cost showed a negative balance due to reversal of customs duty interest refund.
Outcome: Earnings weakened despite one-time gains.
Thirumalai Chemicals Ltd — ₹450 Cr Fully Utilized, No Deviations
Thirumalai Chemicals submitted its Monitoring Agency Report confirming full utilization of ₹450.63 Cr raised via Preferential Issue. Funds were used for:
Capex at subsidiary TCL Specialties LLC (USA)
Working capital requirements
Issue-related expenses
The report confirmed no material deviations and NIL balance remaining, marking this as the final monitoring report.
