TPI India Ltd Declares Unaudited Q1 FY27 Results

TPI India Limited announced its unaudited standalone financial results for the quarter ended June 30, 2026. The Board of Directors approved these results along with the Limited Review Report. The company also re-appointed its Secretarial Auditors and Internal Auditor for upcoming financial years. Key notes from the filing indicate potential issues with deferred tax assets, tax provision due to expansion planning, and the application of Ind AS 109 on term loans. The auditor's report highlights a default on term loan installments and overdue interest, and notes that the company's net worth has been eroded. Additionally, the auditor points out that tax expense was not recognized for the current quarter, overstating profit and understating liabilities. The impact of new Labour Codes is also under evaluation.