India · Delayed Price · Currency is INR Tega Industries Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 5% year-over-year to INR 17,736 million with strong EBITDA margins. Molycop acquisition completed, adding scale and debt, while order book and new product launches support future growth. Logistics and one-time costs impacted FY 2026, but outlook remains positive.
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Revenue grew 6% year-over-year for the nine months, with margins impacted by one-time Molycop acquisition and labor code costs. Order book remains strong, and growth is expected to accelerate in Q4, with long-term double-digit CAGR guidance intact.
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Q2 and H1 FY26 saw double-digit revenue and margin growth, with strong order book visibility and robust equipment segment performance. Molycop acquisition is progressing, Chile CapEx is on track, and management reaffirmed full-year growth guidance despite global uncertainties.
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Q1 FY26 revenue grew 6% YoY to INR 3,716 million, with EBITDA margin at 20% and strong order book visibility. Equipment business surged 78% YoY, while DynaPrime led consumables growth. Management maintains 15% CAGR guidance and expects H2 to be stronger.
Fiscal Year 2025
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The acquisition of Molycop for $1.48 billion, backed by Apollo Funds, will create a global mining consumables leader with significant synergies, margin expansion, and a strong integration plan. The deal is structured to minimize risk, with performance-based liabilities and a focus on operational efficiency.
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FY25 revenue grew 11% year-over-year with stable 23% EBITDA margin and record Q4 sales. Strong order book, robust gold and copper demand, and ongoing CapEx projects support a 15% growth outlook, with equipment share expected to rise.
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Revenue grew 13% year-over-year to INR 1,139 crore for the nine months ended December 2024, with strong Q3 performance and a robust order book of INR 1,258 crore. Consumables led growth, while equipment faced temporary delays. Management maintains a 15% growth outlook.
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Q1 FY25 saw a 27% revenue increase to INR 352 crores, driven by strong consumables growth and a spillover from Q4. EBITDA margin improved to 21%, and the order book rose to INR 560 crores. Guidance remains at 15% revenue growth and 20-21% EBITDA margin, with robust outlook for copper, gold, and equipment segments.