Mumbai, Nov. 14 -- This is TMPV's first earnings as an independent entity following the demerger.

On a consolidated basis, TMPV reported a 2,110% surge in net profit to Rs 76,170 crore in Q2 FY26, compared with Rs 3,446 crore in Q2 FY25, led by exceptional gains of Rs 82,616 crore from the disposal of discontinued operations. Revenue from operations declined 13.4% YoY to Rs 71,714 crore. EBIT for the TMPV segment stood at negative Rs 4,900 crore, down Rs 8,800 crore YoY.

The company said, "Following the transfer of assets and liabilities, accounts were adjusted in line with Indian Accounting Standards (Ind AS) under Section 133 of the Companies Act, 2013. As per Appendix A of Ind AS 10 on 'Distribution of Non-Cash Assets to Owners,' a l...