True Colors Ltd — earnings calls

True Colors Limited reported FY26 revenue from operations of Rs 301.55 crore, up 29.22% year-on-year, with EBITDA of Rs 46.98 crore at a 15.58% margin and profit after tax of Rs 31.16 crore at a 10.33% margin. Management described the year's operating cash flow as negative, attributing it to MSME payment timing and advance payment terms with a key OEM, and said collections had normalized by Q1 FY27. Management also outlined a phased expansion into in-house ink manufacturing under the INKIA brand alongside continued growth in machine placements and sublimation paper capacity.