Taylormade Renewable Eyes Record H2 After BOO Vertical Debut

18 Nov 2025 CW Team

During the quarter, the management took a strategic decision to write off the remaining portion of revenue previously recognised from Andhra Pradesh. As a result, the consolidated revenue for Q2 FY2026 reflects an adjustment of Rs 137.72 million. To present a clearer picture of operating performance, the management has shared a pro forma income statement excluding this adjustment, which highlights strong underlying profitability.

Taylormade Enviro Pvt Ltd (TEPL), the company’s subsidiary, reported turnover of Rs 77.19 million in Q2 FY2026. Capacity utilisation at the TEPL plant is increasing in line with the business plan, and profitability is expected to strengthen as operations stabilise and non-recurring costs taper off. TEPL has also begun upgrading part of its capacity to TRL–RAIN technology, which will help Taylormade Renewable scale new offerings across its BOO and project verticals. While this upgradation may affect TEPL’s Q3 FY2026 revenue, it is expected to be a catalyst for achieving FY2027 targets.

TRL has initiated plans to expand TEPL’s capacity from 300,000 KLPD to 600,000 KLPD and is in advanced discussions with selected partners to establish a second BOO plant in Gujarat.

Product Vertical: Strong Visibility And Long-Term Growth

Taylormade Renewable secured an order worth Rs 239 million from SGL Resources for hazardous wastewater treatment systems, to be completed within two months of the letter of intent. The company remains engaged in multiple discussions for additional product-vertical contracts and is confident of securing further orders.

Outlook For H2 FY2026

The company expects to achieve its highest-ever revenue in H2 FY2026, driven by visible growth across both verticals:

Product Vertical: Execution of the Rs 239 million order from SGL Resources.

BOO Vertical: Continued ramp-up of TEPL capacity utilisation and ongoing capacity expansion.

Management Commentary

The management expressed appreciation for the confidence shown by stakeholders over the past two years as Taylormade Renewable pivoted from EPC-driven expansion to a BOO-led growth model. TEPL has demonstrated the viability of the BOO vertical, delivering consistent growth and cash flows. The company expects its H2 FY2026 performance to further strengthen stakeholder confidence and reinforce its long-term strategic direction

Q2 FY2026 marked a key milestone in Taylormade Renewable’s strategic transformation as the company added a Build–Own–Operate (BOO) project vertical to complement its product business. Early results from the first BOO project have been encouraging, underscoring the potential of the newly launched model. During the quarter, the management took a strategic decision to write off the remaining portion of revenue previously recognised from Andhra Pradesh. As a result, the consolidated revenue for Q2 FY2026 reflects an adjustment of Rs 137.72 million. To present a clearer picture of operating performance, the management has shared a pro forma income statement excluding this adjustment, which highlights strong underlying profitability. Taylormade Enviro Pvt Ltd (TEPL), the company’s subsidiary, reported turnover of Rs 77.19 million in Q2 FY2026. Capacity utilisation at the TEPL plant is increasing in line with the business plan, and profitability is expected to strengthen as operations stabilise and non-recurring costs taper off. TEPL has also begun upgrading part of its capacity to TRL–RAIN technology, which will help Taylormade Renewable scale new offerings across its BOO and project verticals. While this upgradation may affect TEPL’s Q3 FY2026 revenue, it is expected to be a catalyst for achieving FY2027 targets. TRL has initiated plans to expand TEPL’s capacity from 300,000 KLPD to 600,000 KLPD and is in advanced discussions with selected partners to establish a second BOO plant in Gujarat. Product Vertical: Strong Visibility And Long-Term Growth Taylormade Renewable secured an order worth Rs 239 million from SGL Resources for hazardous wastewater treatment systems, to be completed within two months of the letter of intent. The company remains engaged in multiple discussions for additional product-vertical contracts and is confident of securing further orders. Outlook For H2 FY2026 The company expects to achieve its highest-ever revenue in H2 FY2026, driven by visible growth across both verticals: Product Vertical: Execution of the Rs 239 million order from SGL Resources. BOO Vertical: Continued ramp-up of TEPL capacity utilisation and ongoing capacity expansion. Management Commentary The management expressed appreciation for the confidence shown by stakeholders over the past two years as Taylormade Renewable pivoted from EPC-driven expansion to a BOO-led growth model. TEPL has demonstrated the viability of the BOO vertical, delivering consistent growth and cash flows. The company expects its H2 FY2026 performance to further strengthen stakeholder confidence and reinforce its long-term strategic direction

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