Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Tarmat
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 32.16 | 41.96 | 21.27 | 24.70 | 22.70 | 20.68 | 21.78 | 15.57 | 26.14 | 37.79 | 24.94 | 22.67 | 27.31 |
| Expenses + | 33.37 | 41.73 | 20.11 | 24.04 | 22.32 | 20.48 | 20.85 | 15.01 | 25.57 | 37.06 | 23.82 | 21.54 | 25.57 |
| Operating Profit | -1.21 | 0.23 | 1.16 | 0.66 | 0.38 | 0.20 | 0.93 | 0.56 | 0.57 | 0.73 | 1.12 | 1.13 | 1.74 |
| OPM % | -3.76% | 0.55% | 5.45% | 2.67% | 1.67% | 0.97% | 4.27% | 3.60% | 2.18% | 1.93% | 4.49% | 4.98% | 6.37% |
| Other Income + | 6.20 | 0.19 | 0.01 | 0.02 | 0.00 | -2.20 | 0.00 | 0.04 | 0.23 | 0.78 | 0.06 | 0.75 | 0.04 |
| Interest | 0.03 | 0.09 | 0.19 | 0.22 | 0.08 | 0.16 | 0.23 | 0.04 | 0.11 | 0.32 | 0.25 | 0.21 | 0.41 |
| Depreciation | 0.29 | 0.29 | 0.21 | 0.21 | 0.21 | 0.21 | 0.18 | 0.18 | 0.40 | 0.57 | 0.29 | 0.29 | 0.32 |
| Profit before tax | 4.67 | 0.04 | 0.77 | 0.25 | 0.09 | -2.37 | 0.52 | 0.38 | 0.29 | 0.62 | 0.64 | 1.38 | 1.05 |
| Tax % | 0.64% | -575.00% | -3.90% | -12.00% | -33.33% | -1.27% | -5.77% | -7.89% | -17.24% | 8.06% | -9.38% | -5.80% | -6.67% |
| Net Profit + | 4.64 | 0.26 | 0.80 | 0.28 | 0.12 | -2.34 | 0.55 | 0.41 | 0.34 | 0.57 | 0.69 | 1.46 | 1.13 |
| EPS in Rs | 2.18 | 0.12 | 0.38 | 0.13 | 0.06 | -1.10 | 0.26 | 0.17 | 0.14 | 0.24 | 0.29 | 0.61 | 0.45 |
Financials of Tarmat
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 80 | 90 | 78 | 204 | 131 | 276 | 196 | 181 | 144 | 89 | 101 | 113 |
| Expenses + | 83 | 89 | 77 | 213 | 150 | 265 | 189 | 174 | 142 | 87 | 98 | 108 |
| Operating Profit | -3 | 0 | 1 | -9 | -19 | 11 | 7 | 7 | 2 | 2 | 3 | 5 |
| OPM % | -4% | 0% | 1% | -4% | -14% | 4% | 4% | 4% | 2% | 3% | 3% | 4% |
| Other Income + | 1 | 1 | 1 | 12 | 22 | 1 | 1 | 1 | 7 | -2 | 1 | 2 |
| Interest | 16 | 5 | 0 | 2 | 1 | 2 | 3 | 2 | 1 | 1 | 1 | 1 |
| Depreciation | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | -21 | -6 | 0 | 0 | 1 | 9 | 4 | 5 | 7 | -1 | 2 | 4 |
| Tax % | -2% | -112% | 86% | -1,140% | 18% | 22% | -28% | 2% | -2% | -10% | -3% | |
| Net Profit + | -21 | 1 | 0 | 1 | 1 | 7 | 5 | 5 | 7 | -1 | 2 | 4 |
| EPS in Rs | -18.85 | 0.65 | 0.03 | 1.13 | 0.53 | 5.15 | 3.86 | 2.90 | 3.48 | -0.53 | 0.78 | 1.59 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Tarmat
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 13 | 13 | 16 | 21 | 21 | 24 | 24 |
| Reserves | 26 | 27 | 27 | 28 | 29 | 43 | 48 | 78 | 109 | 108 | 149 | 151 |
| Borrowings + | 117 | 119 | 122 | 145 | 97 | 110 | 89 | 43 | 6 | 10 | 10 | 11 |
| Other Liabilities + | 35 | 30 | 32 | 76 | 57 | 103 | 82 | 83 | 76 | 58 | 53 | 49 |
| Total Liabilities | 190 | 187 | 192 | 260 | 194 | 270 | 233 | 220 | 213 | 198 | 236 | 235 |
| Fixed Assets + | 18 | 15 | 14 | 13 | 12 | 17 | 18 | 17 | 17 | 16 | 21 | 22 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 19 | 19 | 19 | 22 | 19 | 19 | 19 | 1 | 1 | 1 | 1 | 0 |
| Other Assets + | 153 | 152 | 159 | 226 | 163 | 234 | 195 | 201 | 195 | 181 | 214 | 214 |
| Total Assets | 190 | 187 | 192 | 260 | 194 | 270 | 233 | 220 | 213 | 198 | 236 | 235 |
Financials of Tarmat
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 2 | -0 | -1 | -21 | 45 | -13 | 26 | -7 | 9 | -3 | -9 |
| Cash from Investing Activity + | 6 | 0 | 0 | -2 | 3 | -5 | -2 | 18 | -1 | 0 | -27 |
| Cash from Financing Activity + | -8 | -0 | -0 | 26 | -49 | 20 | -24 | -21 | -8 | 4 | 40 |
| Net Cash Flow | -0 | 0 | -1 | 3 | -1 | 2 | 1 | -10 | 1 | 1 | 4 |
| Free Cash Flow | 2 | -0 | -1 | -21 | 45 | -19 | 24 | -7 | 9 | -3 | -15 |
| CFO/OP | -71% | -1,350% | 87% | 249% | -240% | -103% | 348% | -101% | 812% | -105% | -327% |
Financials of Tarmat
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 100 | 90 | 106 | 62 | 54 | 31 | 24 | 45 | 57 | 52 | 78 |
| Inventory Days | 874 | 697 | 445 | 257 | 683 | 509 | 389 | 834 | 648 | ||
| Days Payable | 902 | 591 | 472 | 321 | 591 | 419 | 360 | 586 | 292 | ||
| Cash Conversion Cycle | 72 | 196 | 79 | -1 | 54 | 31 | 116 | 135 | 86 | 300 | 434 |
| Working Capital Days | -109 | -6 | 23 | 59 | 189 | 94 | -12 | 124 | 238 | 421 | 488 |
| ROCE % | -1% | 0% | 1% | -12% | 7% | 4% | 5% | 4% | 2% | 2% |
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