Financial Performance (Consolidated)

Q2 FY27 Performance:

  • Operational Income: ₹157 Cr (31% YoY growth from ₹120 Cr in Q2FY26)
  • EBITDA: ₹29 Cr (37% YoY growth from ₹22 Cr)
  • EBITDA Margin: 18.8% (vs 18.0% in Q2FY26)
  • Profit After Tax: ₹17 Cr (45% YoY growth from ₹12 Cr)
  • PAT Margin: 10.9% (vs 9.8% in Q2FY26)
  • Diluted EPS: ₹9.45 (36% YoY growth from ₹6.86)

H1 FY27 Performance:

  • Operational Income: ₹313 Cr (25% YoY growth from ₹250 Cr in H1FY26)
  • EBITDA: ₹63 Cr (50% YoY growth from ₹42 Cr)
  • EBITDA Margin: 20.3% (vs 17.0% in H1FY26)
  • Profit After Tax: ₹38 Cr (60% YoY growth from ₹24 Cr)
  • PAT Margin: 12.0% (vs 9.4% in H1FY26)
  • Diluted EPS: ₹20.86 (51% YoY growth from ₹13.69)

Operational Highlights

  • Tyre crushing volumes grew 30% YoY to 86,000 TPA in H1FY27
  • Production volumes of Micronized Rubber Powder (MRP) and Reclaimed Rubber (RR) grew 19% YoY
  • 3,500 MTPA MRP capacity expansion on track for commissioning by Q3FY27, increasing total MRP capacity to 20,000 MTPA
  • Tyre Pyrolysis Oil (TPO) facility at Varale commenced commercial sales in Q2FY27, with operations stabilizing by Q3FY27
  • Recovered Carbon Black (rCB) production scheduled to commence in Q3FY27, with commercial sales expected in Q4FY27
  • Polymer Composite & Masterbatch business operating at 82% capacity utilization with additional 12,000 TPA capacity commissioned at Gannaur in Q1FY27
  • Renewable energy contributed savings of ₹2.37 Cr in H1FY27 and 40% of total power consumption

International Subsidiaries Performance

  • Global Recycle LLC (Oman): PAT of ₹1.3 Cr in H1FY27, operated at 90% capacity utilization
  • Mbodla Investment Pty Ltd. (South Africa) and Tinna Rubber Arabia Ltd. (Saudi Arabia): Combined loss of ₹0.94 Cr in H1FY27 due to start-up costs
  • Tinna established new wholly owned subsidiary Tinna Rubber Chile SpA in Santiago, Chile

Financial Position

  • Debt declined 9% to ₹111 Cr in H1FY27 from ₹121 Cr in FY26
  • Interest coverage ratio improved to 9.91x (H1FY27) from 7.49x (FY26)
  • Net debt-to-equity ratio improved to 0.32x in H1FY27
  • CARE Ratings upgraded credit rating to 'CARE BBB' with Stable outlook

Capital Expenditure

  • Completed ₹45 Cr of capex in H1FY27 against planned ₹100 Cr investment over FY27-FY28
  • Acquired 40-acre land parcel for integrated rubber and plastic recycling complex with planned investment up to ₹250 Cr over three years
  • ₹5 Cr allocated to R&D for FY27

Segment Performance

  • Infrastructure Segment revenue breakdown: H1FY26 vs H1FY27 shown but specific figures not quantified in disclosure
  • Export volumes grew 15% YoY, revenue contribution stable at approximately 6%
  • PCMB business contributed 9% to H1FY27 turnover, targeting 8-10% annual revenue contribution in FY27

Corporate Developments

  • TP Buildtech (49.42% owned) recorded revenue of ₹41 Cr and EBITDA of ₹4.7 Cr in H1FY27, contributing ₹1 Cr at consolidated level
  • Company successfully registered as authorized recycler on Government portal to generate EPR credits from plastic recycling from April 1, 2026

Forward-looking Statements

The presentation contains forward-looking statements regarding future growth prospects subject to risks and uncertainties including fiscal policy, competition, inflationary pressures, and general economic conditions affecting demand/supply and price conditions in domestic and international markets.