India · Delayed Price · Currency is INR Tega Industries Earnings Call Transcripts
Fiscal Year 2026
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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 FY 2026 revenue grew 15% year-over-year with EBITDA margin rising to 20%, driven by strong equipment business growth and improved gross margins. The Molycop acquisition is on track, with additional equity and debt funding planned, and the Chile CapEx project remains on schedule.
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Q1 FY26 revenue grew 6% YoY to INR 3,716 million with a 20% EBITDA margin, driven by strong equipment sales and robust international demand. The order book remains healthy, CAPEX projects are on track, and management maintains a 15% group CAGR outlook.
Fiscal Year 2025
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The acquisition of Molycop for $1.48 billion will create a global leader in mining consumables, leveraging complementary product portfolios and global reach. Significant cost and revenue synergies, margin expansion, and disciplined financial management are expected, with closing targeted by early 2026.
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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 for the nine months ended December 2024, with strong Q3 performance and a robust order book. Consumables led growth, while equipment faced minor delays. Management maintains a 15% growth outlook, with Chile project delays not expected to impact revenue.
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Q1 FY25 saw 27% revenue growth to INR 352 crores and EBITDA margin of 21%, driven by strong consumables performance and spillover from Q4. Guidance remains at 15% revenue growth and 20-21% EBITDA margin, with robust order book and ongoing CapEx for expansion.