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Thomas Scott India Ltd

| Quarterly Financial Results Q3 FY 2025-26

BULLISH SENTIMENT

Report Source

⬤14th Feb 26

Summary : Thomas Scott reported strong Q3/9M FY26 financial results with significant revenue and profit growth, despite a recent warehouse fire covered by insurance, and authorized an EGM.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Cost of material consumed (9M FY26): Rs. 6,863.48 Lacs
  2. Purchases of Stock-in-Trade (9M FY26): Rs. 4,267.03 Lacs
  3. Changes in inventories (9M FY26): Rs. (2,582.75) Lacs
  4. Employee benefits expenses (9M FY26): Rs. 1,471.30 Lacs
  5. Other expenses (9M FY26): Rs. 5,448.02 Lacs
  6. Recoverable amount for lost inventory due to fire recognized as receivable as of December 31, 2025.
  7. Revenue from Operations (9M FY26): Rs. 17,707.55 Lacs
  8. Revenue from Operations (Q3 FY26): Rs. 6,625.34 Lacs
  9. The reported financial results are standalone.

Corporate Overview

  1. Primarily domestic operations, with nil export turnover.
  2. A fire incident occurred at the Bhiwandi warehouse on November 25, 2025, leading to write-off of inventories and property, plant, and equipment.
  3. Primarily engaged in manufacturing and trading of textile products.
  4. Factual and compliant, reporting board meeting outcomes and financial results.
  5. Operates in a single business segment: textile products.

Risk Factors

  1. Warehouse fire incident occurred recently.
  2. Insurance claim process is still ongoing.
  3. Potential for operational disruptions.
  4. Single business segment concentration.

Key Drivers

  1. Strong revenue growth for nine months.
  2. Significant profit increase year-on-year.
  3. Board approved robust financial results.
  4. EGM to discuss future company direction.

Auditor’s Report

  1. Unmodified conclusion on the unaudited standalone financial results for the quarter and nine months ended December 31, 2025.
  2. The previous year's figures (ended March 31, 2025) were reviewed by a predecessor auditor who expressed an unmodified conclusion.

Board Commentary

  1. Fire incident at Bhiwandi warehouse resulting in inventory and PPE write-offs.
  2. Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Governance

  1. Audit Committee reviewed the financial results.

Management Discussion & Analysis

Future Strategy

  1. Board authorized management to finalize and fix date for an Extra Ordinary General Meeting (EGM).

Operational Focus Areas

  1. Assessing losses and filing insurance claims for the Bhiwandi warehouse fire.
  2. Finalizing details for the upcoming Extra Ordinary General Meeting.

Performance Drivers

  1. Strong growth in revenue from operations for the nine months ended December 31, 2025.
  2. Significant increase in profit for the period compared to the previous year.

Risk Control Measures

  1. Company holds a valid insurance policy adequately covering losses from the fire incident.

Critical Risks

  1. Operational disruption and financial impact from the Bhiwandi warehouse fire.
  2. Uncertainty regarding the final settlement of the insurance claim.