Tembo Global Industries targets Rs 1,600 crore revenue in FY27

Tembo Global Industries Limited reported a 46.7% growth in revenue to Rs 1,090 crores for FY26, supported by strong execution across its core businesses. The company disclosed this during its earnings call held on June 05, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Management attributed the performance to enhanced operating leverage and a shift towards margin-accretive segments, with EBITDA growing by 55.4% and PAT increasing by 79.7%.

Financial Performance and Outlook

The engineering solutions segment remained the primary growth driver, fueled by demand from infrastructure-linked sectors such as oil and gas, marine, water, and EPC. The company’s order book stands at Rs 1,548 crores, supported by a bidding pipeline exceeding Rs 2,200 crores. Looking ahead to FY27, the company targets revenues of approximately Rs 1,600 crores, representing growth of 30% to 40%. The management projects a consolidated PAT margin in the range of 10% to 12% for the year.

Strategic Diversification and Expansion

FY26 marked significant progress in diversification. The company qualified as an L1 bidder for a prestigious offshore project in Kuwait valued at approximately Rs 300 crores. Solar power projects are progressing as planned and are expected to be operational by the end of Q2 FY27. In defense manufacturing, the company secured licenses for small arms and ammunition, with revenue contributions anticipated from Q4 FY27. The defense segment is expected to contribute 5% to 10% of the projected FY27 revenue.

Capital Allocation and Capacity

The company plans to add debt of Rs 300 to Rs 350 crores by FY27 to fund CAPEX for solar and defense projects, along with working capital arrangements. For the solar vertical, the total project cost is around Rs 600 crores, of which Rs 300 crores has been spent to date. Capacity expansion in the engineering segment, ramping up from 18,000 MTA to 1,00,000 MTA, will be fully operational over the next two to three years. No further CAPEX is planned for FY28.

Long-term Targets

Management outlined an ambitious long-term target of achieving a Rs 20,000 crore top line by 2030. For the defense sector, the first full year of operations is expected to generate a top line of Rs 300 to Rs 400 crores, with a PAT of Rs 170 to Rs 180 crores. The company is also focusing on scaling up its export business, having secured a 2 Star Export House Certification.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.77%	-3.93%	-13.71%	-30.44%	+13.75%	+187.92%

Tembo Global Industries reported a consolidated net profit of ₹98.2 crore for the financial year ended March 31, 2026, a rise of 79.7% from ₹54.7 crore in the previous year. The company's revenue from operations for FY26 climbed to ₹1,090.2 crore, compared to ₹743.2 crore in FY25, driven by robust performance across its engineering and textile segments. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026.

Financial Performance Overview

For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹30.1 crore, up from ₹15.6 crore in the same quarter of the previous year. Revenue for Q4FY26 stood at ₹346 crore, a rise of 26.3% from ₹274 crore in Q4FY25. The company’s EBITDA for the quarter improved to ₹39 crore, reflecting better operational efficiency. The following table summarizes the key financial metrics for the year and quarter:

Metric:	FY26 (Consolidated)	FY25 (Consolidated)	Q4FY26 (Consolidated)	Q4FY25 (Consolidated)
Net Profit:	₹98.2 crore	₹54.7 crore	₹30.1 crore	₹15.6 crore
Revenue:	₹1,090.2 crore	₹743.2 crore	₹346 crore	₹274 crore
EBITDA:	₹142.5 crore	₹91.7 crore	₹39 crore	₹28.8 crore
EBITDA Margin:	13.1%	12.3%	11.3%	10.5%

Operational Highlights and Segment Performance

The company operates in two primary segments: Manufacturing and Trading of Engineering Products, and Trading of Fabrics and Textile Materials. The engineering segment generated revenue of ₹65,150.81 crore for the year, while the textile segment contributed ₹43,867.81 crore. The company commenced operations at its new manufacturing facility in Vasai during the year, which has an installed production capacity of 1 lakh metric tonnes. This expansion led to the capitalisation of significant work-in-progress, boosting fixed assets.

Strategic Developments and Outlook

Tembo Global Industries strengthened its global project credentials by qualifying as the L1 bidder for an offshore revamp project in Kuwait with an estimated value of ~₹300 crore. The company's order book stands at ~₹1,548 crore, supported by a bidding pipeline of over ₹2,256 crore. Additionally, the company secured a Defence Manufacturing Licence from the Government of Maharashtra and a Government of India licence for ammunition manufacturing. The balance sheet remains strong with a debt-to-equity ratio of 0.77:1 as of March 31, 2026. The company expects to achieve revenues of approximately ₹1,600 crore in FY27.

Auditor’s Report and Disclosures

Karta and Company, Chartered Accountants, audited the financial results and issued an unmodified opinion. The auditors drew attention to certain export trade receivables outstanding beyond the prescribed period under FEMA/RBI regulations, for which the company has recognised an ECL provision of ₹1.02 crore. Additionally, the company recognised revenue for completed project milestones where invoicing was pending due to delayed certification by concerned parties. The statutory auditor confirmed that the report on the audited financial results is unmodified.