Tembo Global Industries Limited, (INE869Y01010), announced its quarterly results for Q2FY25 as well as H1FY25 here last evening. With a strong focus on project execution (EPC), the company (TGIL) registered impressive numbers for Q2FY25 registering a growth of 170% YoY in consolidated PAT at ₹18.96 crores from ₹7.01 crores for the corresponding period in the last fiscal. The company also impressed with its consolidated revenue growth by 55% with ₹302.7 crs in H1FY25 from ₹195.1 crs in the corresponding period in the last fiscal.
Financial Highlights
Revenue from Operations: The company reported consolidated revenues of ₹172.9 crs for Q2FY2025, a significant increase from ₹114.04 crs in the corresponding period of the previous fiscal, a growth of 51.61%.
Total Income from Operations: TGI achieved total income of
₹172.93 crs for Q2FY25, up from ₹129.73 crs in Q1FY2025, registering a growth of 72.93% Q-o-Q. The YoY rise stands at 58.52% as revenue was ₹109.09 crs in Q2FY24.
Profit Before Tax (PBT): Profit from operations before tax rose to
₹18.96 crs for the quarter, compared to ₹7.24 crs in Q1FY25, thereby more than doubling at 161.87% in the PBT on QoQ basis. The numbers impressed from ₹6.36 crs in Q2FY24, hence, registering a growth of 198%.
Net Profit for Q2FY25: The net profit for Q2FY25 stood at ₹14.04 crs, reflecting a robust performance registering a growth of 161.45% QoQ from to ₹5.37 crs in Q1FY2024, despite challenging market conditions.
TGIL excelled in its operational performance with an increase in revenue driven by strong demand for diverse product lines, especially from its engineering solutions and project execution. As an exporter with growing repute, the company remains steadfast in delivering high-quality solutions across its diverse offerings. Recently, TGIL received a Letter of Award (LOA) for a 124 Mega Watt Power Purchase Agreement (PPA) under the Kusum 2 scheme from the Maharashtra government, valued at ₹ 775 crores. With an order book in hand of ₹1,200 crores, including L1 projects worth ₹1,100 crores, the company is well-positioned for continued growth.
Speaking on the occasion, Sanjay J Patel, Managing Director, Tembo Global Industries Limited (TGIL), said, “Tembo Global has been performing well as it has been built on strong foundations with a knack to adapt to dynamic demands of the market. Our diverse portfolio has responded to the market demand which has corresponded with strong growth in our revenue as well as PAT. With an order book of ₹1,200 crores, TGIL is firmly afoot to build upon this good performance. We believe in the India growth story and are confident to become a meaningful contributor to it. Our growth is an indicator of our hard work and confidence reposed by the investors on our effort towards a growing company. Our rich talent pool remains completely dedicated to adapt to the evolving market dynamics and capitalise on emerging opportunities. We remain focussed on delivering value to our shareholders with delivery of output which is impeccable, top quality and competitive at the global market.”
As TGIL continues its commitment to adaptability with a comprehensive approach, the company is building a versatile array of top-class solutions to meet the dynamic demands of the market. The increase in revenue is attributed to the strong demand across its product lines. The company’s cost management and inventory optimization have significantly contributed to bolstering its bottom line.
Future Outlook
As we move forward, Tembo Global Industries Ltd. is committed to leveraging our strengths to enhance operational efficiency and expand our market reach. TGIL would continue to invest in innovation and sustainable practices that align with our long-term growth strategy, ensuring we remain at the forefront of the industry.
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