TIIL Q3 FY26 Guidance vs Delivery (TIIL Management Mirror)

Did TIIL's management deliver what it guided? Guidance vs actual performance and tone changes across recent earnings calls, as of the Q3 FY26 (Dec-2025 Qtr) concall.

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Technocraft Industries (India) Ltd (TIIL) Q3FY26 Management Mirror - Dec-2025 Qtr

Scaffolding & Formwork (Mach One) Revenue

Reaffirmed

Dec'25 Qtr: Management expects combined revenue for Scaffolding and Formwork to reach close to 1,400 crores for the full fiscal year. Looking out three years, the target is to cross 2,000 crores.

Consistency: The specific Mach One (Formwork) component target of ~900 crores was explicitly cited in Jun'25 Qtr and Reaffirmed in Sep'25 Qtr. In Dec'25 Qtr, this was combined with Scaffolding for a total group target.

Sequential Change: In Jun'25 Qtr, scaffolding revenue was uncertain (ranging 500-800 crores). By Dec'25 Qtr, visibility improved enough to provide a concrete combined target.

7 more themes on the ELITE plan.

  • TIIL Q3FY26 Concall Summary
  • TIIL Q3FY26 Concall Transcript
  • TIIL Q2FY26 Management Mirror (Sep-2025 Qtr)
  • TIIL Q4FY26 Management Mirror (Mar-2026 Qtr)