Tarapur Transformers turns profitable without revenue as other income surges
Standalone net profit reached Rs 0.55 cr, driven by higher other income and a tax credit, while the operating loss widened to Rs 0.76 cr.
Filed 06 Nov 2026, 13:32 IST · Tarapur Transformers Ltd (TARAPUR)
Key takeaways
- Standalone net profit turned positive at Rs 0.55 cr from a loss of Rs 0.44 cr sequentially, despite revenue remaining at Rs 0.00 cr.
- Other income rose +705.56% sequentially and represented 362.50% of pre-tax profit, making it the main source of reported profit.
- The tax rate fell 41.56 percentage points to -39.02%, adding a tax credit to the quarter's profit.
Price around the results
Profit came without operating revenue
Tarapur Transformers reported standalone revenue of Rs 0.00 cr, while operating profit was negative Rs 0.76 cr. Net profit nevertheless turned positive at Rs 0.55 cr from a loss of Rs 0.44 cr in Q1FY27. The improvement came from other income, which increased to Rs 1.45 cr from Rs 0.18 cr.
Other income and tax credit drove the quarter
Expenses rose +123.53% sequentially to Rs 0.76 cr, widening the operating loss from Rs 0.34 cr to Rs 0.76 cr. Interest also increased +5.00% to Rs 0.21 cr, while depreciation was unchanged at Rs 0.09 cr. Other income accounted for 362.50% of pre-tax profit, and the tax rate fell 41.56 percentage points to -39.02%, so reported profit was not generated by operations.
Sequential improvement masks a weak operating trend
Pre-tax profit moved from a loss of Rs 0.46 cr in Q1FY27 to Rs 0.40 cr, but this change was linked to the rise in other income rather than revenue growth. The latest quarter also marks a wider operating loss, with no operating revenue reported in either quarter. The filing was made at 13:32 IST, before market close, so the stock's response is not yet assessed.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹0 cr | ₹0 cr | — |
| Other income | ₹1 cr | ₹0 cr | +705.56% |
| Expenses | ₹1 cr | ₹0 cr | +123.53% |
| Operating profit | ₹-1 cr | ₹-0 cr | -123.53% |
| Interest | ₹0 cr | ₹0 cr | +5.00% |
| Depreciation | ₹0 cr | ₹0 cr | +0.00% |
| Profit before tax | ₹0 cr | ₹-0 cr | — |
| Tax | ₹-0 cr | ₹-0 cr | -1500.00% |
| Net profit | ₹1 cr | ₹-0 cr | — |
| EPS (₹) | ₹0.28 | ₹-0.23 | — |
What to watch
- Whether revenue moves above Rs 0.00 cr next quarter.
- Whether the operating loss narrows from Rs 0.76 cr.
- Whether other income remains near Rs 1.45 cr without another tax credit at the -39.02% rate.