Tinna Rubber and Infrastructure Ltd (TINNARUBR) Q2FY27 Concall Summary - Sep-2026 Qtr
Key Takeaways
- The company acquired 40 acres in Andhra Pradesh for a new INR 250 crore integrated recycling complex to be built over three years.
- Management reaffirmed FY27 guidance of INR 700 crore revenue and INR 126 crore EBITDA, targeting a consistent 18%+ EBITDA margin.
- The planned 24,000-tonne Saudi Arabia plant is on hold due to regional instability, but the INR 250 crore Andhra capex will drive future growth.
Performance Overview
- Delivered a landmark performance in H1 FY27 with profitability at record levels on both standalone and consolidated basis.
- Consolidated revenue for Q2 grew 31% year-on-year, with a corresponding 45% growth in Profit After Tax (PAT).
- Completed INR 45 crore of a planned INR 100 crore capex for FY27-FY28 and acquired 40 acres in Andhra Pradesh for a new INR 250 crore integrated recycling complex.
- International operations show progress with the Oman plant at 90% utilization and improved margins, while phase one in South Africa is complete.
- Advanced strategic initiatives including the start of commercial sales for tyre pyrolysis oil and progress on Micronized Rubber Powder (MRP) and Polymer Composites (PCMB) capacity expansions.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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Tone & Disclosure
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