Twamev Construction and Infrastructure Limited has informed the Exchange about Transcript
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Twamev Construction (formerly Tantia Constructions, revived under new management after NCLT in June 2023) held its Q4 and FY25 earnings call. FY25 is the first full year under new management, with revenue rising 60% to ₹84 crore, EBITDA of ₹207 crore (up from a prior-year loss), and PAT of ₹56 crore (EPS of ₹3.62). The strong headline numbers were largely supported by a ₹79 crore one-time gain from a near-resolved Bihar arbitration claim. The company disclosed an unexecuted order book of ₹325–330 crore to be delivered over 24–36 months, with plans to bid for another ₹250–300 crore this year. Management guided operational margins of 8–10%, highlighted an asset-light strategy, and announced plans to raise ~₹200 crore via QIP and reduce promoter holding from ~93% to 75% through an OFS and graded dilution. Two key arbitration cases (Bihar and TRPL/NHAI) are expected to be resolved in the next 3–12 months, which could significantly strengthen the balance sheet.
Short-term, the stock may react positively to the strong reported earnings and order book visibility, but investors should note that headline PAT is inflated by arbitration income and that meaningful value unlocks depend on the timing of arbitration recoveries. The upcoming QIP and promoter dilution could create near-term supply pressure, while the company's revival story and asset-light model offer longer-term optionality.