Mumbai, June 12: Tembo Global Industries Limited a engineering-driven industrial solutions provider serving sectors including oil & gas, chemicals, construction, power, shipbuilding, nuclear, HVAC, and OEM installations, announced its consolidated financial results for the financial year ended March 31, 2026, delivering robust growth across key business segments and strategic initiatives.
The Company reported a 46.7% year-on-year increase in revenue to INR 1,090 crore in FY26. EBITDA rose 55.4% year-on-year, while Profit After Tax (PAT) recorded a significant growth of 79.7%, reflecting improved operational efficiencies, scale expansion, and disciplined execution.
Commenting on the performance, Mr. Sanjay J. Patel, Managing Director, Tembo Global Industries Limited, said:
“FY26 has been a transformational year for Tembo Global Industries, marked by strong financial performance, execution excellence, and decisive progress across our strategic growth pillars. The Company delivered robust growth with revenues rising 46.7% YoY to INR 1,090 crore, while EBITDA and PAT grew by 55.4% and 79.7% YoY, respectively, reflecting improved scale, operating leverage, and disciplined execution.”
Engineering Business Drives Growth
The Company’s Engineering Solutions segment continued to serve as its primary growth engine, supported by strong demand from infrastructure-linked sectors including oil & gas, marine, water, and EPC projects.
Strengthening Global EPC Presence
During FY26, Tembo enhanced its international project credentials by qualifying as the L1 bidder for a prestigious offshore revamp project in Kuwait valued at approximately INR 300 crore. The project encompasses complex engineering systems, including fire protection solutions, marine equipment, and integrated infrastructure, reinforcing the Company’s capabilities in executing technically demanding global assignments.
The Company closed the year with a robust order book of approximately INR 1,548 crore and an active bidding pipeline exceeding INR 2,256 crore, providing strong medium-term revenue visibility. Additionally, Tembo is actively pursuing opportunities worth over INR 700 crore in port construction and fuel farm systems, further strengthening its EPC portfolio across civil, MEP, and HVAC segments.
Solar Projects Progressing as Planned
Tembo’s solar power initiatives continue to advance according to schedule, with all project sites expected to become fully operational by the end of Q2 FY27. Commercial operations are anticipated to commence from Q3 FY27, contributing meaningfully to the Company’s diversified revenue streams and long-term growth strategy.
Strategic Entry into Defence Manufacturing
A major milestone during FY26 was the Company’s rapid progress in defence manufacturing. Through its subsidiary, Tembo secured a Defence Manufacturing Licence from the Government of Maharashtra for establishing a small arms manufacturing facility following its World Economic Forum 2025 MoU with MIDC. The Company has also obtained a Government of India licence for ammunition manufacturing.
Further strengthening its position in India’s defence ecosystem, Tembo has entered into a Non-Disclosure Agreement (NDA) with a leading defence public sector undertaking to explore opportunities in indigenous design, development, and production.
These developments position the Company to participate actively in India’s defence indigenisation initiatives under programmes such as Make in India and Atmanirbhar Bharat, while creating long-term opportunities in domestic and export markets.
Strong Financial Position
Despite ongoing capital expenditure investments, Tembo maintained a healthy financial profile. As of March 31, 2026, the Company’s debt-to-equity ratio stood at 0.77:1, while Return on Capital Employed (ROCE) and Return on Equity (ROE) were reported at 18.4% and 20.0%, respectively.
Outlook
Looking ahead, Tembo remains focused on executing its strong order book, increasing capacity utilisation, and expanding its footprint across engineering, EPC, defence, and renewable energy businesses.
“With a strong pipeline, enhanced global participation, and clear visibility on future growth opportunities, we expect to achieve revenues of approximately INR 1,600 crore in FY27, driven primarily by our engineering business. We remain confident of sustaining our growth momentum and delivering long-term value for all stakeholders,” added Mr. Patel.