Synopsis:
TCM Ltd received a work order from CIAL Infrastructures Limited for the re-installation of a 7.5 MWp ground-mounted Solar PV Installation at the CIAL-Nayathode site, Ernakulam.
This company is a leading infrastructure and engineering company specializing in renewable energy solutions, with a strong focus on solar power projects and is now in focus after receiving a work order from CIAL Infrastructures Ltd.
With market capitalization of Rs. 34.4 cr, the shares of TCM Ltd are currently trading at Rs. 45 per share, gaining 4% in today’s market session making a high of Rs. 46, from its previous close of Rs. 44.33 per share.
Order update
TCM Ltd received a work order for the re-installation of a 7.5 MWp ground-mounted Solar PV installation at CIAL-Nayathode site, Ernakulam, has been awarded by CIAL Infrastructures Limited, a subsidiary of Cochin International Airport Limited.
This order has been received as part of normal business operations and through a competitive bidding process. The contract involves the design, installation, testing, and commissioning of solar power systems, including partial supply of components, over a contract value of Rs. 7.92 crore (excluding GST). Importantly, neither the promoter, promoter group, nor group companies have any ownership, financial interest, or any other relationship with CIAL Infrastructures Limited or its parent entity, Cochin International Airport Limited.
About TCM Ltd
TCM Ltd is a leading infrastructure and engineering company specializing in renewable energy solutions, with a strong focus on solar power projects. The Company provides end-to-end services, including design, installation, commissioning, and maintenance of solar photovoltaic (PV) systems for industrial, commercial, and utility-scale applications. With an emphasis on sustainable development and technological innovation, TCM Ltd has established itself as a trusted partner in delivering high-quality, reliable, and cost-effective solar energy solutions across India.
On a year-over-year (YoY) basis, the company has witnessed a significant decline in its financial performance. Sales dropped by 39%, from Rs. 5.28 crore in Q1FY25 to Rs. 3.21 crore in Q1FY26. The EBITDA showed a steep fall from a marginal positive Rs. 0.06 crore in Q4FY25 to a negative Rs. 1.96 crore in Q1FY26.
Net profit declined from a profit of Rs. 4.03 crore in Q4FY25 to a loss of Rs. 2.35 crore in Q1FY26. Consequently, the earnings per share (EPS) also fell sharply from Rs. 5.39 in Q4FY25 to a negative Rs. 3.00 in Q1FY26, indicating a challenging quarter for the company.
Written by Manideep Appana
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