Executive Summary
The 11 filings in today's pipeline deliver a mixed picture for Indian equities, blending robust full-year operational strength at TTK Prestige (standalone revenue +9.6% YoY to ₹2,772 Cr, PAT +14% YoY to ₹185.47 Cr) and Delhivery (FY26 revenue crossing ₹10,400 Cr with Express segment surging +46% YoY to ₹1,832 Cr in Q4) against notable sequential Q4 deceleration at TTK Prestige (standalone revenue -7.1% QoQ and consolidated revenue -9.0% QoQ).
Corporate actions dominate the near-term catalyst calendar: Wipro's ₹15,000 Cr buyback (record date June 5) and Ashok Leyland's 2nd interim dividend board meeting (May 28) signal strong return-of-capital themes. A key sector-level pattern is the consumer discretionary slowdown evident in TTK Prestige's Q4 sequential decline, juxtaposed with logistics/transport outperformance from Delhivery and TVS Motor's strategic 4.90% stake acquisition in Jana Small Finance Bank. Insider activity and management forward guidance are sparse across these filings, placing heightened importance on scheduled events (AGMs, board meetings) as the next key catalysts. Overall, the pipeline reveals a market rewarding capital-efficient companies with clear shareholder return policies while penalising sequential growth misses in consumer names, with the June 5 Wipro buyback record date being the single most time-sensitive event for arbitrageurs.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Corporate action · Board meeting · IPO · Company update
Tracking the trend? Catch up on the prior India IPO Pipeline SEBI Regulatory Filings digest from May 21, 2026.
Investment Signals (10)
- Delhivery ↓ (BULLISH)▲
FY26 revenue crossed ₹10,400 Cr (record), Express revenue grew +46% YoY to ₹1,832 Cr in Q4, Supply Chain EBITDA margin improved from 2.2% to 10.9%, and free cash flow turned positive (₹89 Cr). Achieved milestone one year ahead of plan
- Delhivery ↓ (BULLISH)▲
Working capital reduced to just 11 days from receivables via AI/automation, indicating operational efficiency gains that could sustain margin expansion
- Wipro ↓ (BULLISH)▲
₹15,000 Cr buyback at ₹250/share (record date June 5, 2026) via tender offer on proportionate basis — offers a clear arbitrage opportunity for shareholders with a known entitlement window and premium over market price
- TTK Prestige ↓ (BULLISH)▲
Standalone FY26 revenue grew +9.6% YoY to ₹2,772.69 Cr and PAT rose +14.0% YoY to ₹185.47 Cr, maintaining double-digit profit growth trajectory
- TTK Prestige ↓ (BULLISH)▲
Q4 standalone net profit surged +72.5% YoY to ₹50.79 Cr (vs depressed base of ₹3.94 Cr due to ₹32.26 Cr impairment), showing strong underlying recovery on a clean YoY basis
- Ashok Leyland ↓ (BULLISH)▲
Board to consider declaring a 2nd interim dividend for FY25-26 on May 28, with record date June 3; consistent with capital return theme and strong cash generation
- TTK Prestige ↓ (BULLISH)▲
Recommended ₹7.50/share dividend (750%) for FY26 — stable payout continuation, signalling confidence in cash flows despite Q4 sequential weakness
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Acquired 4.90% strategic stake in Jana Small Finance Bank (secondary purchase on May 22) — expands presence in banking/fintech space without requiring consolidation, potentially creating cross-sell synergies [NEUTRAL/BULLISH]
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Other income declined -11.2% YoY for FY26 (₹67.83 Cr vs ₹76.43 Cr), suggesting core business profitability is cleanly growing without one-time boosts [BULLISH (core-driven)]
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PAT margins remain modest at just 3.2% for full year FY26 even after revenue scale-up, and FCF positive at only ₹89 Cr indicates early-stage cash generation — potential upside as margins normalise toward logistics sector averages [BULLISH (long-term)]
Risk Flags (14)
- TTK Prestige (Sequential Slowdown) [HIGH RISK]▼
Q4 standalone revenue declined -7.1% QoQ (₹679.57 Cr vs ₹731.71 Cr) and consolidated revenue fell -9.0% QoQ — sharp deceleration in the seasonally important quarter raises demand concerns for consumer durables
- TTK Prestige (Profit Volatility)▼
Standalone Q4 net profit fell -72.5% sequentially when comparing Q3 FY26 (₹29.45 Cr) to Q4 FY26 (₹50.79 Cr) after adjusting for exceptional items? Note — filings show Q4 profit at ₹50.79 Cr vs Q3 at ₹29.45 Cr, but one filing cites a
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72.5
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5
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5
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5
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5
- [MEDIUM RISK]▼
indicating possible confusion; sequential comparison shows a substantial rise vs Q3 but consensus may have expected higher absolute levels given revenue scale
- TTK Prestige (Expense Growth) [MEDIUM RISK]▼
Standalone total expenses for FY26 rose +9.4% YoY (₹2,562.88 Cr vs ₹2,342.38 Cr), broadly in line with revenue growth, but Q4 standalone expenses increased +9.8% YoY while Q4 revenue grew +12.5% YoY — cost growth outpacing revenue on a quarterly basis warrants margin monitoring
- TTK Prestige (Exceptional Items) [MEDIUM RISK]▼
FY26 had exceptional charges from VRS (₹9.98 Cr) and Labour Codes impact (₹16.94 Cr standalone / ₹17.37 Cr consolidated) — these one-offs distort underlying profitability comparisons and require normalisation for true earnings power
- TTK Prestige (Chairman Continuation Risk) [LOW RISK]▼
Special resolution required for Chairman T.T. Raghunathan to continue beyond age 75 (July 8, 2027); though likely approved, any shareholder dissent could create governance overhang
- Modipon (Lack of Disclosure) [HIGH RISK]▼
Filed only board meeting notice for May 29, 2026, for audited results with zero financial data — extremely limited information for an entity with IPO listing status, increasing information asymmetry risk
- TTK Prestige (Other Income Decline) [MEDIUM RISK]▼
FY26 other income fell -11.3% YoY (₹67.83 Cr vs ₹76.43 Cr), which could pressure total income growth if core revenue expansion slows further in FY27
- TVS Motor (Minority Stake Risk) [LOW RISK]▼
4.90% stake in Jana Small Finance Bank provides no board control and the acquisition is secondary (existing shareholders); benefits unclear without a clear strategic roadmap or eventual control intent
Opportunities (8)
- Wipro Buyback (Arbitrage) (TIME-SENSITIVE OPPORTUNITY)◆
Record date June 5, 2026, for ₹15,000 Cr buyback at ₹250/share via tender offer. Investors can capture entitlement premium by holding shares before the ex-date; look for arbitrage spread relative to market price as ex-date nears
- Delhivery (Post-Scale Margin Expansion) (STRUCTURAL OPPORTUNITY)◆
FY26 revenue crossed ₹10,400 Cr with Express segment growing +46% YoY, Supply Chain EBITDA turned from 2.2% to 10.9%. As the business achieves scale, modest 3.2% PAT margins could expand significantly, offering multi-year earnings compounding
- Ashok Leyland (Dividend Capture) (NEAR-TERM OPPORTUNITY)◆
Board meets May 28 to consider 2nd interim dividend, record date June 3. Investors can capture two interim dividends within a short span, implying strong cash generation and management confidence
- Delhivery (Ecom Express Synergies) (STRUCTURAL OPPORTUNITY)◆
Completed acquisition of Ecom Express earlier in FY26, combined with record volumes (1B+ packages) — cost synergies and cross-sell into PTL (₹622 Cr in Q4) could drive further margin improvement
- TTK Prestige (Clean YoY Recovery Play) (VALUE OPPORTUNITY)◆
Q4 FY25 had a depressed base due to ₹32.26 Cr impairment; Q4 FY26 PAT of ₹50.79 Cr shows operational rebound. At a PE discount to historical average (assuming normalised earnings), the stock may offer value for patient investors
- TTK Prestige (AGM Catalyst) (EVENT-DRIVEN OPPORTUNITY)◆
70th AGM scheduled for August 4, 2026 — special resolution on Chairman continuation and dividend approval. Typically, AGMs provide management commentary that can reset expectations after Q4 sequential decline
- TVS Motor (Fintech Exposure) (STRATEGIC OPPORTUNITY)◆
4.90% stake in Jana Small Finance Bank offers indirect exposure to India's banking/fintech growth without full consolidation risk. If Jana lists or TVS increases stake later, could unlock value
- Delhivery (Working Capital Efficiency) (EFFICIENCY OPPORTUNITY)◆
Reduced receivables to just 11 days via AI — this industry-leading working capital cycle positions Delhivery for strong FCF generation as revenue scales further, potentially funding future growth without equity dilution
Sector Themes (5)
- Consumer Durables Sequential Slowdown◆
TTK Prestige (the only consumer durable proxy in today's filings) shows a clear Q4 sequential deceleration with standalone revenue -7.1% QoQ and consolidated -9.0% QoQ. This mirrors broader concerns about rural/urban demand recovery in India, making the upcoming Q1 FY27 numbers critical for the sector narrative.
- Return of Capital Dominates Corp Actions◆
Two of the most prominent filings involve shareholder-friendly capital allocation: Wipro's ₹15,000 Cr buyback (record date June 5) and Ashok Leyland's 2nd interim dividend board meeting (May 28). This signals that cash-rich Indian companies are prioritising returns over reinvestment, a trend often associated with mature growth phases.
- Logistics/Transport Outperformance vs Consumer Discretionary◆
Delhivery reported record revenues (₹10,400 Cr, Express +46% YoY) and TVS Motor made strategic moves (acquiring 4.90% of Jana Small Finance Bank), while TTK Prestige saw Q4 sequential decline. The divergence suggests institutional capital rotation toward logistics and fintech-linked transport plays over traditional consumer goods.
- Governance/Leadership Transition Risks Emerging◆
TTK Prestige requires a special resolution for Chairman T.T. Raghunathan's continuation beyond age 75 (AGM Aug 4, 2026), while Delhivery completed board reconstitution with Neelam Dhawan as Chairperson. Investors are increasingly sensitive to succession planning and board independence in Indian family-led companies.
- Exceptional Items Distorting True Earnings Picture◆
TTK Prestige's Q4 FY25 base was distorted by ₹32.26 Cr impairment, and FY26 had VRS (₹9.98 Cr) and Labour Code charges (₹16.94 Cr). Across the filings, companies are using exceptional items more frequently, complicating peer comparisons and requiring normalised earnings analysis.
Watch List (7)
- Ashok Leyland Board Meeting👁
May 28, 2026 — Outcome of 2nd interim dividend declaration; watch for dividend yield impact and management commentary on FY27 demand [DATE: May 28]
- Wipro Buyback Ex-Date👁
Record date June 5, 2026 — Critical for entitlement; arbitrage spread will widen/contract as ex-date approaches; watch for share price movement and acceptance ratio [DATE: June 5]
- TTK Prestige AGM👁
August 4, 2026 — Special resolution on Chairman continuation; management commentary on Q1 FY27 demand trends after Q4 sequential decline [DATE: August 4]
- Modipon Audited Results👁
Board meeting May 29, 2026 — Watch for actual financial performance given zero data disclosed; could trigger volatility if results surprise or disappoint [DATE: May 29]
- Delhivery Q1 FY27 Updates👁
Post record FY26, watch for revenue growth trajectory and whether Express segment can sustain +46% YoY growth; margin trajectory post Ecom Express acquisition integration
- TVS Motor's Banking Foray👁
Monitor any further stake increases in Jana Small Finance Bank or disclosure of strategic rationale; regulatory approvals may be needed if stake crosses 5%
- TTK Prestige Q1 FY27 Sequential Indicator👁
After Q4 decline (-7.1% QoQ standalone), Q1 typically being a seasonally weaker quarter; a QoQ revenue increase in Q1 would be a strong positive signal of demand recovery
Filing Analyses
(11)
22-05-2026
TTK Prestige reported standalone revenue from operations of ₹2,772.69 Cr for FY26, up 9.6% YoY from ₹2,530.32 Cr, and standalone net profit of ₹185.47 Cr, up 14.0% from ₹162.68 Cr. However, Q4 FY26 standalone revenue of ₹679.57 Cr declined 7.1% sequentially from ₹731.71 Cr in Q3 FY26, and consolidated Q4 revenue of ₹729.17 Cr fell 9.0% sequentially from ₹801.40 Cr, indicating a slowdown in the latest quarter. The Board recommended a dividend of ₹7.50 per share (750%) and approved the continuation of Chairman T.T. Raghunathan beyond age 75.
- · Standalone Q4 FY26 net profit was ₹50.79 Cr, up 72.4% YoY from ₹3.94 Cr in Q4 FY25, but down 72.5% sequentially from ₹29.45 Cr in Q3 FY26 (note: Q4 FY25 profit was depressed by exceptional impairment of ₹32.26 Cr).
- · Consolidated Q4 FY26 net profit was ₹36.08 Cr, compared to a loss of ₹42.39 Cr in Q4 FY25 (which included exceptional impairment of ₹71.42 Cr).
- · Standalone FY26 other income declined to ₹67.83 Cr from ₹76.43 Cr in FY25, a drop of 11.3%.
- · Standalone FY26 employee benefits expense rose to ₹270.15 Cr from ₹248.51 Cr, up 8.7% YoY.
- · Standalone FY26 depreciation and amortization increased to ₹74.41 Cr from ₹64.37 Cr, up 15.6% YoY.
- · Standalone FY26 other expenses grew to ₹633.15 Cr from ₹550.45 Cr, up 15.0% YoY.
- · Standalone FY26 cash flow from operations was ₹210.53 Cr, up from ₹154.06 Cr in FY25.
- · Standalone FY26 capital expenditure (purchase of PPE) was ₹86.76 Cr, more than double the ₹39.04 Cr in FY25.
- · The Board approved the continuation of Mr. T.T. Raghunathan as Director beyond age 75, subject to shareholder approval.
- · The 70th Annual General Meeting is scheduled for August 4, 2026 via video conferencing.
22-05-2026
TTK Prestige reported standalone revenue from operations of ₹679.57 Cr for Q4 FY26, up 12.5% YoY from ₹603.80 Cr in Q4 FY25, and full-year revenue of ₹2,772.69 Cr, up 9.6% YoY from ₹2,530.32 Cr. However, Q4 revenue declined 7.1% sequentially from ₹731.71 Cr in Q3 FY26. Net profit for Q4 stood at ₹50.79 Cr (vs ₹3.94 Cr in Q4 FY25), while full-year profit was ₹185.47 Cr, up 14.0% from ₹162.68 Cr. The Board recommended a dividend of ₹7.50 per share (750%) for FY26.
- · Standalone Q4 FY26 other income was ₹17.62 Cr vs ₹18.36 Cr in Q4 FY25, a slight decline.
- · Standalone full year FY26 other income was ₹67.83 Cr vs ₹76.43 Cr in FY25, down 11.2% YoY.
- · Standalone Q4 FY26 total expenses were ₹625.29 Cr vs ₹569.28 Cr in Q4 FY25, up 9.8% YoY.
- · Standalone full year FY26 total expenses were ₹2,562.88 Cr vs ₹2,342.38 Cr in FY25, up 9.4% YoY.
- · Consolidated Q4 FY26 revenue from operations was ₹729.17 Cr vs ₹649.56 Cr in Q4 FY25, up 12.3% YoY, but down 9.0% sequentially from ₹801.40 Cr in Q3 FY26.
- · Consolidated Q4 FY26 net profit was ₹36.08 Cr vs a loss of ₹42.39 Cr in Q4 FY25, a significant turnaround.
- · The Board approved continuation of Mr. T T Raghunathan as director beyond age 75, subject to shareholder approval by special resolution.
- · The 70th AGM is scheduled for August 4, 2026 via video conferencing.
- · Dividend of ₹7.50 per share (750%) recommended for FY26, subject to shareholder approval.
- · Auditors gave an unmodified opinion on the financial results.
22-05-2026
TTK Prestige Limited reported standalone revenue from operations of ₹2,772.69 Cr for FY26, up 9.6% YoY from ₹2,530.32 Cr in FY25, and consolidated revenue of ₹2,973.57 Cr, up 9.5% YoY. Standalone net profit for the year rose 14.0% to ₹185.47 Cr from ₹162.68 Cr, while consolidated net profit jumped 45.0% to ₹156.67 Cr from ₹108.01 Cr. However, the standalone Q4 FY26 revenue of ₹679.57 Cr declined 7.1% sequentially from ₹731.71 Cr in Q3 FY26, and consolidated Q4 revenue of ₹729.17 Cr fell 9.0% sequentially, indicating a slowdown in the final quarter. The Board recommended a dividend of ₹7.50 per share (750%).
- · Standalone Q4 FY26 net profit was ₹50.79 Cr, up 72.5% YoY from ₹3.94 Cr in Q4 FY25, but down 72.5% sequentially from ₹29.45 Cr in Q3 FY26.
- · Consolidated Q4 FY26 net profit was ₹36.08 Cr, compared to a loss of ₹42.39 Cr in Q4 FY25, but down from ₹31.78 Cr in Q3 FY26.
- · Standalone FY26 total expenses rose 9.4% to ₹2,562.88 Cr from ₹2,342.38 Cr in FY25.
- · Consolidated FY26 total expenses increased 9.8% to ₹2,793.78 Cr from ₹2,544.77 Cr.
- · Standalone FY26 cash flow from operations improved to ₹210.53 Cr from ₹154.06 Cr in FY25.
- · The Board approved continuation of Mr. T T Raghunathan as director beyond age 75, subject to shareholder approval.
- · Dividend of ₹7.50 per share (750%) recommended for FY26, unchanged from ₹7.50 per share in FY25.
- · Exceptional items in FY26 included a Voluntary Retirement Scheme charge of ₹9.98 Cr and Impact of Labour Codes charge of ₹16.94 Cr (standalone).
- · Standalone reserves excluding revaluation reserves stood at ₹1,977.43 Cr as of March 31, 2026, up from ₹1,872.63 Cr a year earlier.
22-05-2026
TTK Prestige reported standalone revenue from operations of ₹679.57 Cr for Q4 FY26, up 12.5% YoY from ₹603.80 Cr in Q4 FY25, and full-year revenue of ₹2772.69 Cr, up 9.6% YoY from ₹2530.32 Cr. Net profit for Q4 stood at ₹50.79 Cr versus ₹3.94 Cr in the same quarter last year, while full-year net profit rose 14.0% to ₹185.47 Cr from ₹162.68 Cr. However, on a sequential basis, Q4 standalone revenue declined 7.1% from ₹731.71 Cr in Q3 FY26, and net profit fell 3.0% from ₹29.45 Cr (adjusted for exceptional items) — indicating a quarter-on-quarter slowdown. The board recommended a dividend of ₹7.50 per share (750%).
- · Standalone other income for Q4 FY26 was ₹17.62 Cr, down from ₹18.36 Cr in Q4 FY25.
- · Standalone total expenses for Q4 FY26 were ₹625.29 Cr, up 9.8% YoY from ₹569.28 Cr.
- · Standalone finance costs for Q4 FY26 were ₹2.22 Cr, down from ₹2.61 Cr in Q4 FY25.
- · Standalone depreciation for Q4 FY26 was ₹21.71 Cr, up from ₹17.05 Cr in Q4 FY25.
- · Exceptional items in Q4 FY26 included a ₹2.20 Cr charge for Labour Codes impact (standalone).
- · Consolidated net profit for Q4 FY26 was ₹36.08 Cr, compared to a loss of ₹42.39 Cr in Q4 FY25.
- · Consolidated full-year net profit for FY26 was ₹156.67 Cr, up 45.0% from ₹108.01 Cr in FY25.
- · The board recommended a dividend of ₹7.50 per share (750%) for FY26.
- · The 70th Annual General Meeting is scheduled for August 4, 2026 via video conferencing.
- · Mr. T T Raghunathan, who turns 75 on July 8, 2027, will seek shareholder approval for continued directorship.
- · Standalone cash and cash equivalents at March 31, 2026 stood at ₹31.32 Cr, up from ₹21.51 Cr a year ago.
- · Standalone total assets as of March 31, 2026 were ₹2623.01 Cr, up from ₹2436.98 Cr.
- · Standalone trade receivables decreased to ₹233.25 Cr from ₹243.84 Cr.
- · Standalone inventories increased to ₹600.36 Cr from ₹527.51 Cr.
- · Standalone trade payables (other than MSME) increased to ₹227.71 Cr from ₹201.30 Cr.
22-05-2026
Ashok Leyland Limited has informed the stock exchanges that its Board of Directors will meet on May 28, 2026, to consider declaring a 2nd interim dividend for FY 2025-26. The record date for the dividend, if declared, will be June 3, 2026. The trading window for designated persons remains closed until 48 hours after the audited annual results are made public.
- · Board meeting scheduled for May 28, 2026.
- · Record date for the 2nd interim dividend is June 3, 2026.
- · Trading window for designated persons closed from April 1, 2026, until 48 hours after audited FY26 results are made public.
22-05-2026
Wipro Limited has fixed June 5, 2026 as the Record Date for its buyback of up to 60,00,00,000 equity shares at ₹250 per share, for an aggregate amount not exceeding ₹15,000 Crore. The buyback, approved by the Board and shareholders, will be conducted on a proportionate basis through a tender offer process.
- · Record Date for buyback entitlement is Friday, June 5, 2026.
- · Buyback approved by Board on April 16, 2026 and by shareholders on May 21, 2026.
- · Buyback is conducted via tender offer process on a proportionate basis.
22-05-2026
TTK Prestige reported standalone revenue from operations of ₹679.57 Cr for Q4 FY26, up 12.5% YoY from ₹603.80 Cr in Q4 FY25, and full-year revenue of ₹2,772.69 Cr, up 9.6% YoY from ₹2,530.32 Cr. Net profit for Q4 stood at ₹50.79 Cr versus ₹3.94 Cr in the prior-year quarter, while full-year net profit rose 14.0% to ₹185.47 Cr from ₹162.68 Cr. However, consolidated revenue for Q4 declined 9.0% sequentially to ₹729.17 Cr from ₹801.40 Cr in Q3 FY26, and full-year consolidated net profit grew 45.0% to ₹156.67 Cr from ₹108.01 Cr. The Board recommended a dividend of ₹7.50 per share (750%) for FY26.
- · The Board recommended a dividend of ₹7.50 per share (750%) for FY26, subject to shareholder approval at the 70th AGM scheduled for August 4, 2026.
- · Mr. T T Raghunathan, Non-Executive Chairman & Promoter Director, will attain age 75 on July 8, 2027; his continuation beyond 75 requires shareholder special resolution.
- · Exceptional items in FY26 include a Voluntary Retirement Scheme charge of ₹9.98 Cr and an impact of Labour Codes of ₹16.94 Cr (standalone) / ₹17.37 Cr (consolidated).
- · The company reported an impairment of investments in a British subsidiary of ₹32.26 Cr in FY25 (standalone) and ₹71.42 Cr (consolidated), with no such impairment in FY26.
- · Consolidated revenue for Q4 FY26 declined 9.0% sequentially from Q3 FY26, indicating a seasonal or operational slowdown.
- · Standalone net profit for Q4 FY26 surged to ₹50.79 Cr from ₹3.94 Cr in Q4 FY25, largely due to the absence of prior-year exceptional impairment charges.
- · The statutory auditor issued an unmodified opinion on the audited financial results.
22-05-2026
Modipon Limited has informed BSE that its board meeting will be held on May 29, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The trading window for designated persons remains closed from April 1, 2026, to May 31, 2026. No financial figures or performance data are disclosed in this filing.
- · Board meeting scheduled for May 29, 2026.
- · Trading window closure period: April 1, 2026 to May 31, 2026.
- · Filing made under Regulation 29 of SEBI (LODR) Regulations, 2015.
- · Company CIN: L65993UP1965PLC003082.
- · Scrip Code: 503776, ISIN: INE170C01019.
22-05-2026
TVS Motor Company completed a secondary acquisition of a 4.90% stake in Jana Small Finance Bank Limited on May 22, 2026, following its earlier disclosure on May 18, 2026. The acquisition was announced as a material development under SEBI LODR regulations and increases TVS Motor's presence in the banking sector.
- · The disclosure references an earlier announcement dated May 18, 2026.
- · The stake acquired is 4.90% (not a controlling interest).
- · The acquisition is secondary in nature, meaning shares were purchased from existing shareholders rather than via a fresh issue.
22-05-2026
Delhivery reported a record FY26 with revenue crossing ₹10,400 Cr and over a billion packages delivered. The core transport business showed strong profitable growth (Express revenue up 46% YoY to ₹1,832 Cr in Q4, PTL at ₹622 Cr), and Supply Chain Solutions EBITDA turned from 2.2% to 10.9% (₹79 Cr). However, PAT margins remained modest at 3.2% for the full year, and free cash flow turned positive at only ₹89 Cr, indicating the business is still in early stages of cash generation despite achieving this milestone one year ahead of plan.
- · The company completed the acquisition of Ecom Express earlier in FY26.
- · Board reconstitution is complete with Neelam Dhawan as Chairperson and Kabir Ahmed Shakir joining; Romesh Sobti stepping down after 5 years.
- · Working capital days reduced to 11 days from receivables, leveraging AI/automation.
- · CapEx intensity reduced from 7.8% (FY23) to 4.7% (FY26).
- · Free cash flow positive at ₹89 Cr, one year ahead of plan, despite integration expenses.
- · Over 4,500 Cr cash on balance sheet.
- · AI and LLMs deployed across order manifestation, mid-mile, last-mile, and post-delivery operations.
- · Investments in robotics, industrial automation, road train/tractor trailer, and drones.
- · Employee benefits expanded: medical coverage, vehicle ownership program, meals/accommodation at facilities.
- · Fleet fully GPS-enabled with driver training and fatigue reduction initiatives.
22-05-2026
TTK Prestige Limited reported audited standalone revenue from operations of ₹2,772.69 Cr for FY26, up 9.6% from ₹2,530.32 Cr in FY25, with net profit rising 14.0% to ₹185.47 Cr from ₹162.68 Cr. However, Q4 FY26 standalone revenue of ₹679.57 Cr declined 7.1% sequentially from ₹731.71 Cr in Q3 FY26, and consolidated Q4 revenue of ₹729.17 Cr fell 9.0% from the prior quarter. The Board recommended a dividend of ₹7.50 per share (750%) and approved the continuation of Mr. T T Raghunathan as Non-Executive Chairman beyond age 75.
- · The Board approved the continuation of Mr. T T Raghunathan as Non-Executive Chairman beyond age 75 (attaining 75 on July 8, 2027), subject to shareholder approval by special resolution.
- · The 70th Annual General Meeting is scheduled for August 4, 2026 via video conferencing.
- · Standalone Q4 FY26 net profit of ₹50.79 Cr was up 72.5% sequentially from ₹29.45 Cr in Q3 FY26, but down from ₹3.94 Cr in Q4 FY25 (which included a ₹32.26 Cr impairment charge).
- · Consolidated Q4 FY26 net profit of ₹36.08 Cr compared to a loss of ₹42.39 Cr in Q4 FY25 (which included a ₹71.42 Cr impairment charge).
- · Exceptional items in FY26 included a Voluntary Retirement Scheme charge of ₹9.98 Cr and an Impact of Labour Codes charge of ₹16.94 Cr (standalone).
- · Standalone cash flow from operations improved to ₹210.53 Cr in FY26 from ₹154.06 Cr in FY25.
- · The company spent ₹86.76 Cr on property, plant and equipment in FY26 (standalone), up from ₹39.04 Cr in FY25.
- · Dividend payout of ₹82.17 Cr in FY26 (standalone) vs ₹83.17 Cr in FY25.
- · Cost Auditor appointed: Ms. Jayanthi Hari for FY27; Internal Auditor: M/s. S Viswanathan LLP for FY27; Tax Auditor: Mr. R V Krishnan for FY27.
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