Tinna Rubber and Infrastructure Limited has informed the Exchange about Transcript of Earning Concall held on Aug 08,2025.
TINNARUBR · price
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Awaiting price reaction for this filing.
Management discussed Q1 FY'26 results showing EBITDA up 19% QoQ to INR 21 crores with margins at 16% (improved 237 bps QoQ), while revenue remained flat QoQ and declined 4% YoY. PAT was steady at INR 12 crores. The company completed a maiden QIP of INR 79 crores in July 2025 from marquee investors (ICICI Prudential, JM Financial, Bank of India MF), with funds allocated to debt reduction (INR 23 cr), new recovered carbon black plant (INR 22 cr), solar expansion (INR 12 cr), and general purposes (INR 19 cr). Management reiterated Vision '28 targets: 25% revenue CAGR to INR 1,000 crores by FY'28, EBITDA margin of 18%+, and ROCE exceeding 30%. For FY'26, guidance stands at INR 600+ crores revenue with 15%+ EBITDA margins. Key growth drivers include the Varale plant (utilization up to 57% from 30%, targeting INR 80-90 crores FY'26), new PCMB business (INR 30-35 crores expected), and the upcoming RCB plant (commissioning Q4 FY'26, targeting INR 70+ crores revenue at 15-16% margins).
Positive for shareholders — improved margins, successful QIP, and clear multi-year growth roadmap reinforce confidence, though near-term infrastructure and consumer segments remain weak due to early monsoon. Stock may see positive sentiment on QIP completion and margin guidance sustainability.