The Earnings Call Transcript of the earnings conference call held on Monday, May 25, 2026 for the fourth quarter and financial year ended on 31 March 2026.
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Tinna Rubber reported strong FY26 results with EBITDA margins over 17%, achieving 3-year CAGR of 23% in revenue, 37% in EBITDA, and 34% in PAT. Q4 saw revenue of INR157 crores (+22% YoY) and EBITDA of INR29 crores (+63% YoY) with margins exceeding 18%. The company is expanding tire processing capacity from 185,000 to 235,000 tons by FY27 (27% increase). New pyrolysis and rCB plants have commenced/comissioning, expected to contribute INR50-55 crores revenue in FY27. PCMB division contribution expected to double to 8-10% of revenue. International operations include Oman (85% capacity, INR30 crores revenue) and South Africa (breakeven Q2 FY27). Vision 2029 targets INR1,000 crores revenue at 18%+ EBITDA margins. FY27 revenue growth guidance: 20-25%.
Strong execution with margin expansion demonstrates operational efficiency. New product lines (Pyrolysis, rCB) and PCMB scaling provide multiple growth vectors. Debt reduction and improved leverage ratios strengthen the balance sheet.