Tuticorin Alkali Chemicals And Fertilizers Ltd Q1 FY27 Results

Tuticorin Alkali Chemicals and Fertilizers reported standalone (its only basis — the company has no subsidiaries, JVs or associates) revenue from operations of ₹80.71 Cr for Q1 FY27, up 5.99% YoY from ₹76.15 Cr but down 3.27% QoQ from ₹83.44 Cr in Q4 FY26. Standalone PAT came in at ₹6.73 Cr, down 31.83% YoY from ₹9.88 Cr and down 16.05% QoQ from ₹8.02 Cr. Basic EPS was ₹0.55 against ₹0.81 a year ago and ₹0.66 the prior quarter. The company stayed profitable, but the earnings decline against only modest revenue growth is the headline of the quarter.

Margins compressed sharply: operating margin (OPM) fell to 13.27% from 24.51% a year ago (15.56% last quarter), and net profit margin fell to 7.97% from 12.94% YoY. The compression traces mainly to raw material cost — cost of materials consumed, net of inventory changes, rose to roughly 46.1% of revenue from about 24.9% a year ago — consistent with the company's own note that Ammonia, a critical raw material, has been fluctuating widely amid Middle-East geopolitical issues. Finance costs also jumped 218.5% YoY to ₹4.80 Cr from ₹1.51 Cr, adding further pressure below the operating line. Reported PAT also carries a one-off: the company re-measured its opening deferred tax liabilities under the newly available concessional rate option (Section 200 of the Income Tax Act 2025, successor to erstwhile Section 115BAA) and booked a one-time tax credit of ₹1.91 Cr this quarter. Stripping that out, adjusted PAT is roughly ₹4.83 Cr, down about 51.1% YoY — the underlying decline is materially worse than the 31.83% reported figure suggests.

The stock went into the print at ₹59.29, down 5.1% over the past month of trading.

There is no analyst consensus or brokerage preview available for this micro-cap name, so the print cannot be benchmarked against street expectations, and management has issued no formal quantitative guidance — the only forward-looking statement on record is the qualitative note that Ammonia price volatility is expected to continue into the ensuing quarter, which this quarter's results already confirm as a live, unresolved risk rather than a one-off. On the corporate side, the board also approved FY26's audited results and the Board's report at the same meeting, and E Rajeshkumar — who signed off on this result as Whole Time Director — took up that role effective 8 July 2026, within this reporting quarter.