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TPL TPL Corp Limited

Latest results: FY2025 · Jun 2025 Q3 FY2026 · Jan – Mar 2026

Last close · 16 Oct 2026

Rs 20.48 -0.92%

Quarterly · Q4 FY2021 – Q3 FY2026

TPL Corp Limited (TPL) quarterly balance sheet

At the end of Q3 FY2026 (Jan – Mar 2026) TPL Corp Limited had total assets of Rs 24.4 bn, down 13.4% on Q3 FY2025. Current assets of Rs 13.3 bn covered current liabilities of Rs 22.7 bn 0.59 times. Total debt was Rs 9.3 bn, net debt Rs 2.7 bn. Shareholders' equity was -Rs 2.1 bn (Rs -7.76 per share), -8.5% of total assets.

TPL balance sheet (quarterly) (Rs bn)
Rs bn Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024 Q4 FY2024 * Apr – Jun 2024 Q3 FY2024 * Jan – Mar 2024 Q2 FY2024 Oct – Dec 2023 Q1 FY2024 Jul – Sep 2023 Q4 FY2023 * Apr – Jun 2023 Q3 FY2023 * Jan – Mar 2023 Q2 FY2023 * Oct – Dec 2022 Q1 FY2023 * Jul – Sep 2022 Q4 FY2022 Apr – Jun 2022 Q3 FY2022 Jan – Mar 2022 Q2 FY2022 Oct – Dec 2021 Q1 FY2022 * Jul – Sep 2021 Q4 FY2021 Apr – Jun 2021
Assets
Cash & short-term investments 6.6 6.0 5.6 5.8 5.6 5.5 6.0 6.2 5.2 5.7 5.6 5.6 4.4 4.5 4.6 4.8 6.3 6.4 6.4 6.6
Trade receivables 0.4 0.6 0.5 0.4 0.4 0.6 0.9 0.8 1.0 1.0 1.1 1.1 1.0 1.0 0.9 1.0 1.4 1.2 1.1 1.3
Inventories 0.3 0.3 0.3 0.3 0.3 0.4 0.2 0.3 0.3 0.4 0.3 0.4 0.4 0.5 0.4 0.4 0.5 0.5 0.5 0.4
Other current assets 1.0 0.8 1.0 1.1 1.1 1.1 1.3 1.2 1.1 1.0 1.0 0.8 0.9 0.8 0.8 0.7 0.6 0.5 0.6 0.5
Total current assets 13.3 12.3 12.2 11.7 12.7 11.9 13.1 13.1 12.1 12.1 12.5 12.2 10.5 10.1 10.4 10.1 11.6 11.3 11.5 11.6
Property, plant & equipment 1.2 1.3 1.3 1.4 1.4 1.6 1.5 1.7 1.8 1.9 1.9 2.0 2.0 2.0 2.1 2.1 1.8 1.9 2.1 1.6
Intangible assets 3.0 3.0 3.0 3.0 3.0 3.2 3.2 3.2 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.0 3.1 3.1 3.1 3.1
Long-term investments 6.0 7.8 12.3 10.7 10.4 11.2 10.5 11.1 13.6 13.5 14.8 15.0 14.7 15.1 9.3 9.3 11.6 11.6 5.4 5.1
Other non-current assets (0.0) 0.0 — 0.0 0.1 0.1 0.2 0.1 0.2 0.2 0.2 0.2 0.3 0.3 0.2 0.2 0.1 0.1 0.1 0.1
Total non-current assets 11.1 13.0 17.4 16.0 15.4 16.7 16.1 16.7 19.2 19.2 20.6 20.8 20.5 20.5 17.7 17.6 16.7 16.7 10.8 10.0
Total assets 24.4 25.2 29.6 27.7 28.2 28.6 29.1 29.8 31.3 31.3 33.0 33.0 31.0 30.7 28.1 27.8 28.3 28.0 22.2 21.6
Liabilities
Trade payables 6.7 6.1 5.8 5.0 5.4 5.3 5.2 5.6 4.9 5.1 4.7 4.9 4.0 3.3 3.5 3.4 3.3 2.1 2.1 2.6
Short-term borrowings & current portion of debt 7.9 8.0 7.5 7.5 7.5 7.2 6.5 6.2 6.7 6.5 5.3 5.8 2.8 2.5 2.0 2.2 5.4 7.4 5.4 3.7
Total current liabilities 22.7 21.3 20.3 19.5 19.2 17.9 17.9 17.5 17.5 16.5 15.0 15.0 10.8 9.6 9.3 9.0 12.3 12.9 10.9 9.3
Long-term debt 1.5 1.4 2.1 2.2 2.7 3.3 4.1 3.7 4.8 4.9 5.7 5.9 6.6 6.6 6.7 6.7 6.5 5.0 3.9 4.7
Other non-current liabilities 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.1 (0.0) 0.0 0.0 0.0 (0.0) (0.0) (0.0) (0.1) (0.0) (0.0) (0.0) 0.1
Total non-current liabilities 1.6 1.5 2.1 2.3 2.8 3.3 4.2 3.7 4.8 4.9 5.8 5.9 6.6 6.5 7.7 7.7 6.4 4.9 3.9 4.7
Total liabilities 24.3 22.8 22.5 21.8 21.9 21.3 22.1 21.3 22.3 21.4 20.8 20.9 17.4 16.2 17.0 16.7 18.7 17.8 14.8 14.0
Equity
Share capital 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7
Reserves & retained earnings (4.7) (3.8) (2.0) (2.2) (1.7) (1.3) (1.2) (0.3) (0.9) (0.3) 1.0 1.0 1.6 2.2 1.0 1.1 0.6 1.0 0.2 0.5
Equity attributable to shareholders (2.1) (1.1) 0.7 0.4 0.9 1.4 1.5 2.4 1.8 2.4 3.7 3.6 4.3 4.9 3.7 3.8 3.2 3.7 2.9 3.1
Non-controlling interest 2.2 3.5 6.4 5.5 5.3 5.9 5.5 6.2 7.2 7.5 8.5 8.4 9.3 9.7 7.4 7.2 6.3 6.5 4.5 4.5
Total equity 0.1 2.4 7.1 5.9 6.2 7.3 7.0 8.6 9.0 9.9 12.2 12.1 13.6 14.5 11.1 11.0 9.6 10.2 7.4 7.6
Total liabilities & equity 24.4 25.2 29.6 27.7 28.2 28.6 29.1 29.8 31.3 31.3 33.0 33.0 31.0 30.7 28.1 27.8 28.3 28.0 22.2 21.6
Key figures
Total debt 9.3 9.4 9.6 9.7 10.2 10.4 10.6 9.8 11.6 11.4 11.0 11.7 9.4 9.1 8.6 8.9 11.9 12.4 9.3 8.4
Net debt / (net cash) 2.7 3.4 4.0 4.0 4.5 4.9 4.6 3.6 6.3 5.7 5.5 6.2 5.0 4.5 4.0 4.1 5.6 6.0 2.9 1.8
Shares outstanding mn 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3
Common equity (2.1) (1.1) 0.7 0.4 0.9 1.4 1.5 2.4 1.8 2.4 3.7 3.6 4.3 4.9 3.7 3.8 3.2 3.7 2.9 3.1
Book value per share (Rs) Rs (7.76) (4.23) 2.59 1.58 3.53 5.06 5.49 8.83 6.70 9.00 13.91 13.64 16.09 18.21 13.90 14.13 12.16 13.69 10.93 11.78
TPL balance sheet — year-on-year change (Rs mn)
Rs mn Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024 Q4 FY2024 * Apr – Jun 2024 Q3 FY2024 * Jan – Mar 2024 Q2 FY2024 Oct – Dec 2023 Q1 FY2024 Jul – Sep 2023 Q4 FY2023 * Apr – Jun 2023 Q3 FY2023 * Jan – Mar 2023 Q2 FY2023 * Oct – Dec 2022 Q1 FY2023 * Jul – Sep 2022 Q4 FY2022 Apr – Jun 2022 Q3 FY2022 Jan – Mar 2022 Q2 FY2022 Oct – Dec 2021 Q1 FY2022 * Jul – Sep 2021 Q4 FY2021 Apr – Jun 2021
Assets
Cash & short-term investments +17.7% +8.6% -5.9% -7.7% +7.2% -2.3% +7.5% +12.2% +18.4% +24.7% +20.8% +16.0% -29.4% -29.1% -28.3% -27.3% +116.9% +73.8% +182.9% +183.5%
Trade receivables +2.2% -6.8% -46.0% -52.4% -56.0% -38.7% -20.6% -31.3% -3.2% +0.7% +19.7% +18.5% -28.1% -18.9% -21.3% -28.1% -29.1% -23.3% -23.7% +15.3%
Inventories +15.6% -7.1% +43.3% +11.2% -11.7% +0.7% -38.1% -28.8% -22.1% -25.5% -13.4% -2.8% -10.0% +3.2% -18.9% -9.7% +6.3% +20.0% +72.8% +80.3%
Other current assets -13.6% -21.8% -21.9% -3.2% +1.4% +8.0% +29.5% +39.2% +28.6% +32.1% +27.6% +25.2% +35.7% +47.7% +37.6% +33.2% +7.6% -11.8% +8.6% +27.5%
Total current assets +4.3% +3.4% -6.7% -10.6% +5.1% -1.7% +4.7% +7.4% +15.2% +19.2% +19.9% +20.8% -9.5% -10.2% -9.3% -12.9% +13.0% +17.9% +49.9% +69.6%
Property, plant & equipment -14.4% -16.9% -15.5% -16.1% -18.2% -16.2% -19.0% -17.2% -10.8% -8.6% -8.2% -6.6% +11.0% +8.7% -2.7% +31.8% +13.4% +20.4% +40.0% +11.5%
Intangible assets +2.0% -6.6% -6.3% -5.8% -6.2% +3.0% +3.1% +2.9% +1.4% +1.8% +1.2% +1.2% +1.0% -0.2% -0.9% -1.7% -1.3% -2.1% -2.5% +8.8%
Long-term investments -41.9% -30.1% +16.8% -3.0% -23.6% -17.5% -29.1% -26.1% -7.8% -10.7% +59.0% +61.1% +26.3% +30.8% +72.1% +81.1% +550.0% +573.9% +231.8% +232.0%
Other non-current assets -100.0% -100.0% — -100.0% -63.2% -21.3% -19.0% -60.2% -27.8% -24.9% -16.6% -8.8% +89.8% +138.2% +116.1% +92.8% +6.5% +7.7% -18.1% -23.5%
Total non-current assets -28.0% -22.3% +8.5% -4.4% -19.6% -13.3% -21.9% -19.6% -6.3% -6.3% +16.2% +17.7% +22.9% +23.3% +64.2% +76.7% +22.5% +23.3% -19.8% -23.1%
Total assets -13.4% -11.6% +1.7% -7.1% -10.1% -8.8% -11.8% -9.6% +1.0% +2.1% +17.6% +18.9% +9.6% +9.8% +26.3% +28.5% +18.4% +21.1% +5.5% +9.0%
Liabilities
Trade payables +25.0% +15.1% +11.3% -10.6% +8.9% +3.5% +9.6% +15.0% +24.0% +52.7% +35.5% +44.3% +21.8% +56.8% +64.9% +31.9% +99.4% +9.2% -15.4% +29.9%
Short-term borrowings & current portion of debt +5.3% +12.3% +16.1% +21.7% +11.5% +10.8% +22.5% +5.5% +142.4% +159.4% +165.4% +163.8% -48.7% -66.4% -62.9% -40.3% +5.8% +40.4% +69.2% -17.5%
Total current liabilities +18.4% +19.1% +13.5% +11.0% +9.6% +8.6% +19.4% +16.8% +61.8% +71.7% +61.4% +66.1% -12.1% -25.4% -15.0% -2.5% +13.4% +11.0% +16.4% +2.8%
Long-term debt -45.3% -58.0% -50.2% -39.0% -44.7% -33.2% -27.8% -37.4% -26.9% -25.5% -13.7% -11.7% +1.9% +32.4% +70.0% +42.8% +14.8% +30.7% +7.5% +39.9%
Other non-current liabilities -73.0% -81.2% -59.6% -75.1% — +405.8% +3.3% +218.7% — — — — — — — -194.4% -178.9% -165.1% -114.0% -30.8%
Total non-current liabilities -42.8% -55.6% -49.2% -38.2% -42.9% -31.8% -27.7% -36.6% -26.5% -25.0% -25.0% -23.4% +2.0% +33.2% +97.7% +63.3% +12.9% +27.4% +4.1% +38.3%
Total liabilities +10.7% +7.4% +1.6% +2.4% -1.8% -0.7% +6.3% +1.7% +28.4% +32.5% +22.2% +24.9% -7.3% -9.2% +14.6% +19.6% +13.3% +15.1% +12.9% +12.5%
Equity
Share capital 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Reserves & retained earnings — — — — — — -215.5% -132.1% -154.3% -112.2% +0.1% -11.8% +182.3% +122.5% +317.3% +131.5% +912.3% +266.6% +50.7% —
Equity attributable to shareholders -319.7% -183.6% -52.8% -82.1% -47.3% -43.8% -60.5% -35.2% -58.4% -50.6% +0.0% -3.5% +32.3% +33.0% +27.1% +19.9% +19.0% +24.4% +3.0% +19.7%
Non-controlling interest -58.3% -40.5% +16.3% -11.2% -26.5% -20.8% -34.8% -26.7% -22.7% -22.2% +15.6% +16.5% +47.8% +48.6% +64.8% +62.1% +36.3% +38.9% -12.3% -6.2%
Total equity -97.8% -67.0% +1.9% -30.7% -30.7% -26.4% -42.6% -29.2% -34.0% -31.7% +10.4% +9.6% +42.5% +43.0% +49.9% +44.7% +29.9% +33.3% -6.9% +3.0%
Total liabilities & equity -13.4% -11.6% +1.7% -7.1% -10.1% -8.8% -11.8% -9.6% +1.0% +2.1% +17.6% +18.9% +9.6% +9.8% +26.3% +28.5% +18.4% +21.1% +5.5% +9.0%
Key figures
Total debt -8.0% -9.7% -9.8% -1.0% -12.0% -8.2% -3.8% -16.0% +23.1% +25.4% +27.5% +32.1% -21.1% -26.8% -6.8% +6.0% +10.6% +36.3% +36.2% +6.9%
Net debt / (net cash) -39.8% -30.5% -14.8% +10.5% -28.0% -14.1% -15.2% -41.5% +27.2% +26.1% +35.2% +51.0% -11.7% -24.3% +41.0% +128.8% -28.6% +10.6% -36.9% -67.6%
Shares outstanding — — — — — — — — — — — — — — — — — — — —
Common equity -319.7% -183.6% -52.8% -82.1% -47.3% -43.8% -60.5% -35.2% -58.4% -50.6% +0.0% -3.5% +32.3% +33.0% +27.1% +19.9% +19.0% +24.4% +3.0% +19.7%
Book value per share (Rs) -319.7% -183.6% -52.8% -82.1% -47.3% -43.8% -60.5% -35.2% -58.4% -50.6% +0.0% -3.5% +32.3% +33.0% +27.1% +19.9% +19.0% +24.4% +3.0% +19.7%

Change against the same quarter a year earlier; shown when the earlier figure is positive.

TPL balance sheet — common size (Rs mn)
Rs mn Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024 Q4 FY2024 * Apr – Jun 2024 Q3 FY2024 * Jan – Mar 2024 Q2 FY2024 Oct – Dec 2023 Q1 FY2024 Jul – Sep 2023 Q4 FY2023 * Apr – Jun 2023 Q3 FY2023 * Jan – Mar 2023 Q2 FY2023 * Oct – Dec 2022 Q1 FY2023 * Jul – Sep 2022 Q4 FY2022 Apr – Jun 2022 Q3 FY2022 Jan – Mar 2022 Q2 FY2022 Oct – Dec 2021 Q1 FY2022 * Jul – Sep 2021 Q4 FY2021 Apr – Jun 2021
Assets
Cash & short-term investments 27.1% 23.8% 19.0% 20.8% 20.0% 19.4% 20.5% 20.9% 16.8% 18.1% 16.8% 16.8% 14.3% 14.8% 16.4% 17.2% 22.2% 22.9% 28.8% 30.5%
Trade receivables 1.8% 2.2% 1.6% 1.4% 1.5% 2.1% 2.9% 2.6% 3.1% 3.1% 3.3% 3.5% 3.2% 3.2% 3.2% 3.5% 4.9% 4.3% 5.2% 6.2%
Inventories 1.4% 1.3% 1.0% 1.1% 1.1% 1.2% 0.7% 0.9% 1.1% 1.1% 1.1% 1.2% 1.4% 1.5% 1.4% 1.4% 1.7% 1.6% 2.2% 2.1%
Other current assets 4.0% 3.3% 3.5% 4.1% 4.0% 3.8% 4.6% 3.9% 3.5% 3.2% 3.1% 2.6% 2.8% 2.5% 2.9% 2.4% 2.2% 1.8% 2.7% 2.3%
Total current assets 54.4% 48.7% 41.2% 42.4% 45.2% 41.6% 44.8% 44.0% 38.7% 38.6% 37.8% 37.1% 33.9% 33.0% 37.0% 36.5% 41.0% 40.4% 51.5% 53.8%
Property, plant & equipment 5.1% 5.1% 4.4% 5.0% 5.1% 5.4% 5.3% 5.6% 5.7% 5.9% 5.8% 6.1% 6.4% 6.6% 7.4% 7.7% 6.3% 6.7% 9.6% 7.5%
Intangible assets 12.3% 11.9% 10.1% 10.8% 10.5% 11.3% 11.0% 10.6% 10.0% 10.0% 9.4% 9.3% 10.0% 10.0% 10.9% 11.0% 10.9% 11.0% 13.9% 14.3%
Long-term investments 24.7% 30.9% 41.4% 38.7% 36.8% 39.1% 36.1% 37.1% 43.3% 43.2% 44.9% 45.3% 47.4% 49.4% 33.2% 33.4% 41.2% 41.4% 24.4% 23.7%
Other non-current assets (0.0%) 0.0% — 0.0% 0.2% 0.5% 0.5% 0.3% 0.6% 0.6% 0.6% 0.6% 0.9% 0.8% 0.8% 0.8% 0.5% 0.4% 0.5% 0.5%
Total non-current assets 45.6% 51.3% 58.8% 57.6% 54.8% 58.4% 55.2% 56.0% 61.3% 61.4% 62.2% 62.9% 66.1% 67.0% 63.0% 63.5% 59.0% 59.6% 48.5% 46.2%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 27.6% 24.1% 19.5% 18.2% 19.1% 18.5% 17.8% 18.9% 15.8% 16.3% 14.4% 14.9% 12.9% 10.9% 12.5% 12.2% 11.6% 7.6% 9.5% 11.9%
Short-term borrowings & current portion of debt 32.3% 31.9% 25.3% 27.0% 26.6% 25.1% 22.2% 20.6% 21.5% 20.6% 16.0% 17.7% 8.9% 8.1% 7.1% 8.0% 19.1% 26.5% 24.1% 17.1%
Total current liabilities 93.0% 84.6% 68.7% 70.3% 68.0% 62.7% 61.6% 58.8% 55.8% 52.7% 45.5% 45.5% 34.8% 31.3% 33.1% 32.6% 43.4% 46.1% 49.2% 42.9%
Long-term debt 6.0% 5.4% 7.0% 8.1% 9.5% 11.4% 14.2% 12.3% 15.4% 15.6% 17.4% 17.8% 21.3% 21.4% 23.7% 23.9% 22.9% 17.7% 17.6% 21.6%
Other non-current liabilities 0.1% 0.1% 0.0% 0.1% 0.2% 0.3% 0.1% 0.2% (0.0%) 0.0% 0.1% 0.1% (0.1%) (0.1%) (0.0%) (0.2%) (0.2%) (0.1%) (0.1%) 0.3%
Total non-current liabilities 6.5% 5.9% 7.2% 8.3% 9.8% 11.7% 14.4% 12.5% 15.4% 15.7% 17.5% 17.9% 21.2% 21.3% 27.4% 27.7% 22.8% 17.6% 17.5% 21.8%
Total liabilities 99.4% 90.5% 75.9% 78.6% 77.8% 74.4% 75.9% 71.3% 71.3% 68.4% 63.0% 63.4% 56.0% 52.7% 60.6% 60.3% 66.2% 63.7% 66.8% 64.7%
Equity
Share capital 11.0% 10.6% 9.0% 9.6% 9.5% 9.4% 9.2% 9.0% 8.5% 8.5% 8.1% 8.1% 8.6% 8.7% 9.5% 9.6% 9.4% 9.6% 12.0% 12.4%
Reserves & retained earnings (19.5%) (15.1%) (6.7%) (8.1%) (6.1%) (4.6%) (4.1%) (1.0%) (2.8%) (0.9%) 3.2% 2.9% 5.2% 7.2% 3.7% 4.0% 2.0% 3.5% 1.1% 2.2%
Equity attributable to shareholders (8.5%) (4.5%) 2.3% 1.5% 3.4% 4.7% 5.0% 7.9% 5.7% 7.7% 11.3% 11.0% 13.9% 15.9% 13.2% 13.6% 11.5% 13.1% 13.1% 14.6%
Non-controlling interest 9.1% 14.0% 21.8% 19.9% 18.8% 20.8% 19.0% 20.8% 23.0% 24.0% 25.8% 25.6% 30.1% 31.5% 26.2% 26.1% 22.3% 23.2% 20.1% 20.7%
Total equity 0.6% 9.5% 24.1% 21.4% 22.2% 25.6% 24.1% 28.7% 28.7% 31.6% 37.0% 36.6% 44.0% 47.3% 39.4% 39.7% 33.8% 36.3% 33.2% 35.3%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt 38.3% 37.3% 32.3% 35.1% 36.1% 36.5% 36.4% 32.9% 36.9% 36.2% 33.4% 35.5% 30.3% 29.5% 30.8% 31.9% 42.0% 44.2% 41.7% 38.7%
Net debt / (net cash) 11.2% 13.5% 13.3% 14.4% 16.1% 17.1% 15.9% 12.1% 20.2% 18.2% 16.6% 18.6% 16.0% 14.7% 14.4% 14.7% 19.9% 21.3% 12.9% 8.2%
Common equity (8.5%) (4.5%) 2.3% 1.5% 3.4% 4.7% 5.0% 7.9% 5.7% 7.7% 11.3% 11.0% 13.9% 15.9% 13.2% 13.6% 11.5% 13.1% 13.1% 14.6%

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 17 Oct 2026.

All reported line items 123
TPL balance sheet — all reported line items (Rs bn)
Rs bn Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024 Q4 FY2024 Apr – Jun 2024 Q3 FY2024 Jan – Mar 2024 Q2 FY2024 Oct – Dec 2023 Q1 FY2024 Jul – Sep 2023 Q4 FY2023 Apr – Jun 2023
Cash & Cash Equivalents 4.7 4.2 3.8 3.9 3.7 3.6 4.3 4.6 3.8 3.7 3.6 4.0
Cash & Short Term Investments 6.6 6.0 5.6 5.8 5.6 5.5 6.0 6.2 5.2 5.7 5.6 5.6
Short-Term Investments - Total 2.0 1.8 1.8 1.8 1.9 1.9 1.6 1.6 1.5 1.9 2.0 1.5
Loans & Receivables - Net - Short-Term 5.3 5.1 5.2 4.5 5.7 4.9 5.5 5.4 5.4 5.1 5.5 5.4
Loans & Receivables - Total 6.2 6.0 6.1 5.4 6.3 5.5 6.2 6.2 6.0 5.6 6.1 6.0
Trade Accounts & Trade Notes Receivable - Net 0.4 0.6 0.5 0.4 0.4 0.6 0.9 0.8 1.0 1.0 1.1 1.1
Loans - Short-Term 0.6 0.5 0.9 0.9 1.4 0.8 0.9 0.9 1.0 1.0 1.0 0.9
Income Tax - Receivables - Short-Term — — — — — — — — — — — 0.0
Receivables - Other - Total 4.4 4.0 3.9 3.3 3.9 3.5 3.7 3.8 3.5 3.1 3.5 3.3
Inventories - Total 0.3 0.3 0.3 0.3 0.3 0.4 0.2 0.3 0.3 0.4 0.3 0.4
Inventories - Finished Goods 0.3 0.3 0.3 0.3 0.3 0.4 0.2 0.3 0.3 0.4 0.3 0.4
Investments - Total 8.0 9.7 14.1 12.6 12.2 13.1 12.1 12.6 15.1 15.5 16.8 16.5
Other Current Assets - Total 1.0 0.8 1.0 1.1 1.1 1.1 1.3 1.2 1.1 1.0 1.0 0.8
Deferred Costs - Short-Term 0.2 0.3 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3
Property, Plant & Equipment - Net - Total 1.2 1.3 1.3 1.4 1.4 1.6 1.5 1.7 1.8 1.9 1.9 2.0
Other Current Assets 0.7 0.6 0.8 0.9 0.8 0.8 1.1 0.9 0.8 0.7 0.8 0.6
Other Assets - Total 1.0 0.8 1.0 1.1 1.2 1.2 1.5 1.3 1.3 1.2 1.2 1.0
Intangible Assets - Total - Net 3.0 3.0 3.0 3.0 3.0 3.2 3.2 3.2 3.1 3.1 3.1 3.1
Total Current Assets 13.3 12.3 12.2 11.7 12.7 11.9 13.1 13.1 12.1 12.1 12.5 12.2
Investments - Long-Term 6.0 7.8 12.3 10.7 10.4 11.2 10.5 11.1 13.6 13.5 14.8 15.0
Investments - Available for Sale/Held to Maturity - Long-Term 6.0 7.8 12.3 10.7 10.4 11.2 10.5 11.1 13.6 13.5 14.8 15.0
Receivables & Loans - Long-Term 0.9 0.9 0.9 0.9 0.6 0.6 0.7 0.7 0.5 0.5 0.5 0.5
Loans - Long-Term 0.9 0.9 0.9 0.9 0.6 0.6 0.7 0.7 0.5 0.5 0.5 0.5
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total 1.2 1.3 1.3 1.4 1.4 1.6 1.5 1.7 1.8 1.9 1.9 2.0
Right of Use Tangible Assets - Total - Net 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.4 0.5 0.5
Right of Use Tangible Assets - Capital/Finance Lease - Net 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.4 0.5 0.5
Property, Plant & Equipment - Other - Net 0.8 0.9 0.9 0.9 1.1 1.1 1.1 1.2 1.3 1.4 1.4 1.5
Total Assets 24.4 25.2 29.6 27.7 28.2 28.6 29.1 29.8 31.3 31.3 33.0 33.0
Debt - Total 9.3 9.4 9.6 9.7 10.2 10.4 10.6 9.8 11.6 11.4 11.0 11.7
Short-Term Debt & Current Portion of Long-Term Debt 7.9 8.0 7.5 7.5 7.5 7.2 6.5 6.2 6.7 6.5 5.3 5.8
Current Portion of Long-Term Debt including Capitalized Leases 1.9 2.7 2.1 2.5 2.0 2.1 2.5 2.6 1.8 1.8 1.1 1.1
Short-Term Debt & Notes Payable 6.0 5.3 5.4 4.9 5.5 5.1 4.0 3.6 4.9 4.7 4.2 4.7
Debt - Long-Term - Total 1.5 1.4 2.1 2.2 2.7 3.3 4.1 3.7 4.8 4.9 5.7 5.9
Assets Held for Sale/Discontinued Operations - Long-Term — — — — — — — — — — — 0.0
Capitalized Lease Obligations - Long-Term 0.3 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.4 0.3 0.4 0.4
Long-Term Debt excluding Capitalized Leases 1.1 1.1 1.9 1.9 2.4 3.0 3.8 3.4 4.5 4.6 5.4 5.5
Other Non-Current Assets - Total (0.0) 0.0 — 0.0 0.1 0.1 0.2 0.1 0.2 0.2 0.2 0.2
Debt - Non-Convertible - Long-Term 1.1 1.1 1.9 1.9 2.4 3.0 3.8 3.4 4.5 4.6 5.4 5.5
Dividends Payable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 0.2 0.1
Deferred Tax - Asset - Long-Term — — — 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Deferred Tax & Investment Tax Credits - Long-Term 0.1 0.1 0.0 0.1 0.0 — — — — — — —
Deferred Tax - Liability - Long-Term 0.1 0.1 0.0 0.1 0.0 — — — — — — —
Payables & Accrued Expenses 6.7 6.1 5.8 5.0 5.4 5.3 5.2 5.6 4.9 5.1 4.7 4.9
Trade Account Payables - Total 6.7 6.1 5.8 5.0 5.4 5.3 5.2 5.6 4.9 5.1 4.7 4.9
Other Non-Current Assets — — — — 0.1 0.1 0.1 (0.0) 0.1 0.1 0.1 0.1
Total Liabilities 24.3 22.8 22.5 21.8 21.9 21.3 22.1 21.3 22.3 21.4 20.8 20.9
Shareholders' Equity - Attributable to Parent Shareholders - Total (2.1) (1.1) 0.7 0.4 0.9 1.4 1.5 2.4 1.8 2.4 3.7 3.6
Total Non-Current Assets 11.1 13.0 17.4 16.0 15.4 16.7 16.1 16.7 19.2 19.2 20.6 20.8
Common Equity Attributable to Parent Shareholders (2.1) (1.1) 0.7 0.4 0.9 1.4 1.5 2.4 1.8 2.4 3.7 3.6
Common Equity - Contributed 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7
Common Stock - Issued & Paid 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7 2.7
Equity - Non-Contributed - Reserves & Retained Earnings (4.7) (3.8) (2.0) (2.2) (1.7) (1.3) (1.2) (0.3) (0.9) (0.3) 1.0 1.0
Retained Earnings - Total (6.9) (6.0) (4.1) (4.4) (3.7) (3.3) (3.2) (2.3) (0.9) (0.3) 1.0 1.0
Trade Accounts Payable & Accruals - Short-Term 6.7 6.1 5.8 5.0 5.4 5.3 5.2 5.6 4.9 5.1 4.7 4.9
Trade Accounts & Trade Notes Payable - Short-Term 6.7 6.1 5.8 5.0 5.4 5.3 5.2 5.6 4.9 5.1 4.7 4.9
Other Reserves/Equity - Total 2.2 2.2 2.1 2.1 2.0 2.0 2.0 2.0 0.1 0.0 0.0 0.0
Income Taxes - Payable - Short-Term 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.0
Dividends/Distributions Payable 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 0.2 0.1
Other Current Liabilities - Total 7.9 7.0 6.8 6.8 6.2 5.4 6.2 5.7 5.4 4.5 4.5 4.2
Common Equity - Total (2.1) (1.1) 0.7 0.4 0.9 1.4 1.5 2.4 1.8 2.4 3.7 3.6
Deferred Income - Short-Term 0.3 0.3 0.3 0.3 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.1
Minority Interest - Equity 2.2 3.5 6.4 5.5 5.3 5.9 5.5 6.2 7.2 7.5 8.5 8.4
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 0.1 2.4 7.1 5.9 6.2 7.3 7.0 8.6 9.0 9.9 12.2 12.1
Total Liabilities & Equity 24.4 25.2 29.6 27.7 28.2 28.6 29.1 29.8 31.3 31.3 33.0 33.0
Provisions - Short-Term 3.5 3.1 2.7 2.7 2.7 2.6 2.6 2.4 2.7 2.1 2.2 2.0
Other Current Liabilities 4.1 3.6 3.8 3.8 3.4 2.7 3.4 3.0 2.6 2.3 2.2 2.1
Total Current Liabilities 22.7 21.3 20.3 19.5 19.2 17.9 17.9 17.5 17.5 16.5 15.0 15.0
Other Non-Current Liabilities - Total 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.1 (0.0) 0.0 0.0 0.0
Other Non-Current Liabilities 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.1 (0.0) 0.0 0.0 0.0
Total Non-Current Liabilities 1.6 1.5 2.1 2.3 2.8 3.3 4.2 3.7 4.8 4.9 5.8 5.9
Common Shares - Issued - Total mn 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3
Common Shares - Outstanding - Total mn 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 330.0 3,300.0 3,300.0 330.0 330.0 330.0 330.0 330.0 330.0 330.0 330.0 330.0
Common Shares - Issued - Issue Specific mn 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3
Common Shares - Outstanding - Issue Specific mn 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3 267.3
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Right of Use Tangible Assets - Total - Net - Supplemental 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.4 0.5 0.5
Right of Use Tangible Assets - Capital/Finance Lease - Net - Supplemental 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.4 0.5 0.5
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental 0.8 0.9 0.9 0.9 1.1 1.1 1.1 1.2 1.3 1.4 1.4 1.5
Finance and Operating Lease Liabilities - Total - Supplemental 0.3 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.4 0.3 0.4 0.4
Debt including Finance and Operating Lease Liabilities - Supplemental 9.3 9.4 9.6 9.7 10.2 10.4 10.6 9.8 11.6 11.4 11.0 11.7
Net Debt 2.7 3.4 4.0 4.0 4.5 4.9 4.6 3.6 6.3 5.7 5.5 6.2
Minority Interest - Total 2.2 3.5 6.4 5.5 5.3 5.9 5.5 6.2 7.2 7.5 8.5 8.4
Asset Accruals 18.9 20.2 24.9 22.9 23.8 24.3 24.1 24.5 27.0 27.0 28.9 28.4
Cash & Cash Equivalents - Total 4.7 4.2 3.8 3.9 3.7 3.6 4.3 4.6 3.8 3.7 3.6 4.0
Cash & Short Term Investments - Total 6.6 6.0 5.6 5.8 5.6 5.5 6.0 6.2 5.2 5.7 5.6 5.6
Debt - including Preferred Equity & Minority Interest - Total 11.6 13.0 16.0 15.2 15.5 16.4 16.1 16.0 18.8 18.9 19.5 20.2
Investments - Permanent 6.0 7.8 12.3 10.7 10.4 11.2 10.5 11.1 13.6 13.5 14.8 15.0
Net Book Capital 2.9 5.8 11.1 9.9 10.8 12.2 11.6 12.2 15.3 15.6 17.7 18.2
Net Operating Assets 2.9 5.8 11.1 9.9 10.8 12.2 11.6 12.2 15.3 15.6 17.7 18.2
Provisions - Total 3.6 3.2 2.8 2.7 2.7 2.6 2.6 2.4 2.7 2.1 2.2 2.0
Shareholders Equity - Common (2.1) (1.1) 0.7 0.4 0.9 1.4 1.5 2.4 1.8 2.4 3.7 3.6
Tangible Total Equity (2.9) (0.6) 4.2 2.9 3.3 4.1 3.8 5.4 5.9 6.8 9.1 9.0
Tangible Book Value (5.1) (4.1) (2.3) (2.6) (2.0) (1.9) (1.7) (0.8) (1.4) (0.7) 0.6 0.6
Total Book Capital 7.3 8.3 10.3 10.2 11.1 11.8 12.1 12.2 13.3 13.8 14.7 15.4
Total Capital 9.5 11.8 16.7 15.7 16.4 17.7 17.6 18.4 20.6 21.3 23.2 23.8
Total Long Term Capital 1.7 3.9 9.3 8.2 9.0 10.6 11.2 12.3 13.8 14.8 18.0 18.0
Unearned Revenue - Total 0.3 0.3 0.3 0.3 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.1
Book Value excluding Other Equity (4.2) (3.3) (1.4) (1.7) (1.1) (0.6) (0.6) 0.3 1.7 2.4 3.7 3.6
Assets Held for Sale/Discontinued Operations - Long-Term & Short-Term — — — — — — — — — — — 0.0
Income Taxes - Payable - Long-Term & Short-Term 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.0
Contract Liabilities - Short-Term - Advance Consideration & Progress Billings in Excess of Unbilled Revenue 0.3 0.3 0.3 0.3 — — — 0.2 — — — —
Accruals - Short-Term (14.1) (13.2) (12.0) (11.6) (10.2) (9.7) (9.2) (9.1) (9.1) (8.2) (6.1) (6.8)
Cash & Short Term Investments - Net of Debt (2.7) (3.4) (4.0) (4.0) (4.5) (4.9) (4.6) (3.6) (6.3) (5.7) (5.5) (6.2)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments 1.9 2.7 2.1 2.5 2.0 2.1 2.5 2.6 1.8 1.8 1.1 1.1
Total Fixed Assets - Net 10.3 12.1 16.6 15.1 14.8 16.1 15.4 16.0 18.7 18.7 20.0 20.2
Working Capital (9.4) (9.1) (8.2) (7.7) (6.4) (6.0) (4.9) (4.4) (5.4) (4.4) (2.5) (2.8)
Interest Bearing Liabilities - Total 9.3 9.4 9.6 9.7 10.2 10.4 10.6 9.8 11.6 11.4 11.0 11.7
Working Capital - Non-Cash (16.0) (15.1) (13.8) (13.5) (12.1) (11.6) (10.8) (10.6) (10.6) (10.1) (8.1) (8.3)
Working Capital excluding Other Current Assets & Liabilities (2.5) (2.9) (2.4) (2.1) (1.4) (1.7) (0.0) 0.1 (1.1) (0.9) 0.9 0.5
Net Debt Including Preferred Equity & Minority Interest 4.9 6.9 10.4 9.5 9.8 10.8 10.2 9.8 13.5 13.2 14.0 14.6
Other Short-Term & Long-Term Assets - Total 1.0 0.8 1.0 1.1 1.2 1.2 1.5 1.3 1.3 1.2 1.2 1.0
Other Short-Term & Long-Term Liabilities - Total 7.9 7.0 6.9 6.8 6.3 5.5 6.2 5.7 5.4 4.6 4.6 4.2
Total Current Assets excluding Total Inventories 12.9 12.0 11.9 11.4 12.4 11.5 12.8 12.9 11.8 11.7 12.1 11.8
Tangible Book Value excluding Other Equity (7.2) (6.3) (4.4) (4.7) (4.0) (3.8) (3.8) (2.8) (1.4) (0.7) 0.6 0.5
Total Debt Excluding Islamic 9.3 9.4 9.6 9.7 10.2 10.4 10.6 9.8 11.6 11.4 11.0 11.7
Trade Accounts & Trade Notes Receivable - Net - Total 0.4 0.6 0.5 0.4 0.4 0.6 0.9 0.8 1.0 1.0 1.1 1.1
Current Liabilities excluding Current Debt - Total 14.8 13.3 12.8 12.0 11.7 10.8 11.5 11.4 10.8 10.0 9.7 9.2
Cash in Hand & with Banks - Total 4.7 4.2 3.8 3.9 3.7 3.6 4.3 4.6 3.8 3.7 3.6 4.0
Current Assets excluding Cash & Short Term Investments - Total 6.7 6.3 6.6 6.0 7.1 6.3 7.1 6.9 6.9 6.4 6.9 6.7
Cash, Short Term Investments & Accounts Receivable - Total 7.0 6.6 6.1 6.1 6.0 6.1 6.8 7.0 6.2 6.6 6.6 6.7

Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 12 periods; the table above goes back further.