Tega Industries (TEGA) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 consolidated operating revenue was INR 3,716 million, up 6% year-over-year, with operating EBITDA at INR 725 million and EBITDA margin of 20%.

• EBITDA declined by 6% to INR 711 million and PAT decreased by 4% to INR 353 million.

• The company maintained resilience amid global volatility, focusing on operational efficiency and innovation.

• Order book as of June 30, 2025, stands at INR 10,053 million, with INR 6,103 million executable within 12 months, providing strong growth visibility.

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, were reviewed and approved by the Board and Audit Committee, with unmodified auditor reports issued.

Financial highlights

• Group revenues for Q1 FY26 were INR 3,716 million, compared to INR 3,516 million in Q1 FY25.

• EBITDA for Q1 FY26 was INR 725 million, down from INR 771 million in Q1 FY25.

• Gross margins held steady at 59% despite raw material volatility and a higher equipment segment share.

• Equipment business revenue rose 78% year-over-year to INR 643 million.

• Consumables business revenue was INR 2,940 million, slightly down from INR 3,046 million year-over-year.

Outlook and guidance

• The company is on track to achieve FY26 earnings guidance and maintains a long-term revenue CAGR target of 15% at group level and 25% for equipment.

• EBITDA margin guidance for consumables is 22–23%, equipment 12–13%, and blended 21–22%.

• H2 is expected to be stronger, with operating leverage improving margins as revenues pick up.

• DynaPrime segment is expected to grow over 20% for the year.