Tega Industries (TEGA) Q4 23/24 earnings summary

Executive summary

• FY24 revenue from operations rose 23% YoY to ₹14,927 million; operating EBITDA was ₹3,382 million and PAT ₹1,939 million, with growth supported by equipment expansion and broad regional gains.

• The order book grew 32% YoY, while international sales contributed 75% of revenue; the outlook centers on order execution, TMML ramp-up, digital integration and product innovation.

Financial highlights

• Consolidated total income reached ₹15,149 million versus ₹12,347 million; PBT was ₹2,470 million versus ₹2,361 million, and PAT ₹1,939 million versus ₹1,840 million.

• Revenue from operations increased 23.0% YoY to ₹14,927 million; total expenses rose to ₹12,724 million from ₹10,029 million, including higher materials and employee costs.

• Basic EPS was ₹29.17 versus ₹27.76; cash generated from operations was ₹2,942 million and net operating cash flow ₹2,521 million.

• Operating EBITDA was reported at ₹3,382 million versus ₹2,911 million; financial highlights cited a 22.3% operating EBITDA margin.

Outlook and guidance

• Further revenue growth was anticipated, supported by a strong order book and incremental revenue from the ramp-up of Tega McNally Minerals; acquired equipment operations have comparatively lower margins.

• A six-year supply, installation and product-management agreement with Europe’s largest copper mine began Jan. 1, 2024; expected mine spending is ₹6,852 million over the term, including a five-year agreement and one-year extension option.

• A potential ₹15–20 crore acquisition allocation is planned over the next 2–3 years, prioritized by medium- to long-term return on capital employed.