TCL

What Thaai promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q4 FY26

what the last two calls moved 9 tracked 0 delivered 4 missed 5 open
  • FY26 Revenue missed said Q4 FY25 Promised: ₹170-180 crores (already revised down from ₹195 cr) Q4 FY26: Achieved FY26 total income of ₹146.36 cr, slightly missing the revised target of ₹150 cr.
  • FY27 Revenue at risk said Q4 FY25 Promised: ₹230-240 crores (revised down from ₹270-280 cr) Q4 FY26: No update on the overall FY27 revenue target. Progress on new projects like the Brazil export order is pending customer volume commitments, maintaining risk to the target.
  • FY27 EBITDA Margin on track said Q4 FY25 Promised: 23-25% (revised down from 34%) Q4 FY26: FY26 EBITDA margin was 24.93%, which is within the target range for FY27. High-margin gas nitriding business supports this outlook.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 9 tracked commitments for Thaai — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens