Financial Performance Highlights (Consolidated, INR Cr)

  • Revenue from Operations: ₹156 Cr in Q1 FY27, compared to ₹157 Cr in Q4 FY26 (0% QoQ) and ₹130 Cr in Q1 FY26 (20% YoY growth)
  • EBITDA: ₹34 Cr in Q1 FY27, compared to ₹29 Cr in Q4 FY26 (18% QoQ growth) and ₹21 Cr in Q1 FY26 (63% YoY growth)
  • EBITDA Margin: 21.7% in Q1 FY27, compared to 18.2% in Q4 FY26 and 16.0% in Q1 FY26
  • Profit After Tax (PAT): ₹21 Cr in Q1 FY27, compared to ₹17 Cr in Q4 FY26 (24% QoQ growth) and ₹12 Cr in Q1 FY26 (75% YoY growth)
  • PAT Margin: 13.2% in Q1 FY27, compared to 10.6% in Q4 FY26 and 9.0% in Q1 FY26
  • Diluted EPS: ₹11.41 in Q1 FY27, compared to ₹9.28 in Q4 FY26 and ₹6.83 in Q1 FY26

Operational & Strategic Highlights

Capacity Utilization:

  • India operations: 88% capacity utilization in Q1 FY27
  • Oman operations: 78% capacity utilization in Q1 FY27

Volume Performance:

  • India's tyre crushing volumes grew 35% YoY to 44,238 TPA in Q1 FY27
  • Micronized Rubber Powder (MRP) volumes grew 28% YoY
  • Reclaimed Rubber (RR) volumes grew 37% YoY

Capacity Expansion:

  • 3,500 MTPA MRP capacity expansion on track for commissioning by Q3 FY27, increasing total MRP capacity to 20,000 MTPA
  • Polymer Composite & Masterbatch (PCMB) additional capacity of 12,000 TPA at Gannaur commissioned in Q1 FY27

New Facilities:

  • Tyre Pyrolysis Oil (TPO) facility at Varale commenced trial runs in Q1 FY27, expected commercial sales in Q2 FY27
  • Recovered Carbon Black (rCB) production scheduled to commence in Q3 FY27 with commercial sales in Q4 FY27

International Projects:

  • Oman (Global Recycle LLC): Reported PAT of ₹0.34 Cr in Q1 FY27 (31% increase over FY26), EBITDA margin of 8.53%
  • South Africa (Mbodla Investment Pty Ltd.) and Saudi Arabia (Tinna Rubber Arabia Ltd.): Combined loss of ₹0.53 Cr due to start-up costs
  • Saudi Arabia: 13,000-square-metre plot allocated, construction expected to begin mid-FY27 (subject to geopolitical normalization)
  • Chile: Established wholly owned subsidiary Tinna Rubber Chile SpA in Santiago

Segment Performance:

  • Infrastructure Segment: 33% volume growth and 7% revenue growth YoY; secured 15,000 MT rubberized bitumen processing order for FY27
  • Industrial Segment: 27% volume growth and 58% revenue growth YoY; 46% export volume growth despite global headwinds
  • Consumer Segment: 20% volume decline due to raw material price increases and import-export disruptions
  • Steel Segment: Revenue stable YoY; appointed Exclusive Authorized Distributor for Zibo TAA Metal Technology Co., Ltd., China

Sustainability Initiatives:

  • Renewable energy contributed 51% of total power consumption in Q1 FY27
  • Solar power contributed savings of ₹1.19 Cr for Q1 FY27
  • Rooftop solar installations commissioned at Gummidipoondi (999 kWp) and Varale (2,218 kWp)
  • FY26 TÜV-verified Life Cycle Assessment validated 10.37 million kg of CO₂ emissions reduction
  • Varale plant achieved ISO 9001, ISO 14001, and ISO 45001 certifications

EPR Credits:

  • Entire inventory of accrued EPR credits up to March 31, 2026, fully monetized in Q1 FY27
  • Successfully registered as authorized recycler to generate EPR credits from plastic recycling from April 1, 2026

TP Buildtech Performance:

  • Revenue: ₹19 Cr in Q1 FY27
  • EBITDA: ₹3 Cr in Q1 FY27
  • Contributing approximately 8% to Q1 FY27 turnover, targeting 8-10% annual revenue contribution in FY27

Capital Expenditure:

  • Completed ₹27 Cr of capex in Q1 FY27 against planned ~₹100 Cr investment over FY27-FY28

R&D Investment:

  • ₹5 Cr allocated to R&D for FY27
  • R&D team constituted for high-performance recycled rubber materials and engineered plastics

Forward-Looking Statements

Vision 2029 Targets:

  • Locations: 10 (from current 8)
  • Revenue: ₹1,000 Cr (3-year CAGR: 25%+)
  • Profitability Growth (3-year CAGR): 33%+
  • EBITDA Margin: 18%+
  • ROCE: 30%+

Current FY26 Performance (Benchmark):

  • Revenue: ₹546 Cr (3-year CAGR: 23%)
  • Profitability Growth (3-year CAGR): 34%
  • EBITDA Margin: 17%
  • ROCE: 23%

Corporate Governance

Board of Directors:

  • Mr. Bhupinder Kumar Sekhri (Chairman & Managing Director)
  • Mr. Gaurav Sekhri (Joint Managing Director)
  • Mr. Subodh Kumar Sharma (Whole-time Director & COO)
  • Mr. Abhay Kumar (Chief Financial Officer)
  • Mr. Sanjay Jain (Independent Director)
  • Mr. Vaibhav Dange (Independent Director)
  • Mr. Krishna Prapoorna Biligiri (Independent Director)
  • Mrs. Bharati Chaturvedi (Independent Director)

CSR Initiatives:

  • ₹91 lakh dedicated to CSR programs in FY26
  • Focus areas: sports, education, healthcare, environment

Capital Market Data (as of June 30, 2026)

  • Face Value: ₹10.00
  • Market Price: ₹953.3
  • 52 Week High/Low: ₹1,070/₹529
  • Market Capitalization: ₹1,717.144 Cr
  • Equity Shares Outstanding: 1.8 Cr