Tembo Global Industries Limited has informed the Exchange about Transcript
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Tembo Global Industries reported a strong Q1 FY26 with revenue of Rs. 248 crore, up 93.2% year-on-year, driven by growth in engineering and textile divisions. EBITDA rose 2.4x to Rs. 28 crore with margins expanding 485 basis points to 11.4%, while profit after tax surged 252.6% to Rs. 19 crore, lifting PAT margin to 7.7%. The company has a visible order book of Rs. 1,350 crore and an L1 bidding pipeline of around Rs. 2,000 crore as of June 30, 2025. Management guided for FY26 revenue of Rs. 1,100 crore and PAT of Rs. 80-100 crore, with FY27 revenue of Rs. 1,400-1,500 crore and PAT of Rs. 200 crore plus, supported by new defense and solar businesses. The company is investing Rs. 1,000 crore over three years in a defense manufacturing unit (with MOU signed at Davos with Maharashtra government) and has secured a 120 MW solar PPA with MSEDCL with Rs. 600 crore financial closure completed.
Strong quarterly performance with sharp margin expansion and a robust order book suggests positive momentum, while aggressive diversification into defense and solar opens new growth avenues. However, significant debt raise of Rs. 500-600 crore alongside an equity preferential issue signals capital intensity and potential dilution, which investors should weigh against the multi-year growth targets.