Tega Industries has reported a robust performance for the second quarter of fiscal year 2026, with consolidated revenue reaching INR 4,211.00 million, marking a 15% year-on-year growth. The company's strong performance was primarily driven by its equipment business, which saw a remarkable 55% surge in revenue.

Financial Highlights

The company maintained a healthy EBITDA margin of 20.00%, demonstrating its operational efficiency amidst growth.

Business Segment Performance

• Consumables Business: Contributed 83% to the group's revenue from operations.
• Equipment Business: Accounted for 17% of the group's revenue, showing significant growth potential.

Order Book and Future Outlook

Tega Industries reported a robust order book of INR 11,556.00 million as of September 30, 2025, with INR 7,306.00 million scheduled for execution over the next 12 months. This strong order book provides visibility into near-term revenues and reinforces confidence in the company's growth pipeline.

Strategic Developments

The company has made progress on several strategic fronts:

1. Molycop Acquisition: The transaction is on track, with closure expected between December 2025 and January 2026. This acquisition is anticipated to bring revenue and cost synergies.

2. Chile Expansion: The capex project in Chile is progressing as planned, with commercial production expected to commence by September 2026 (Q2 FY27).

3. New Subsidiary: Tega Industries has incorporated a wholly-owned subsidiary, Tega MC Investment Pte. Ltd., in Singapore, effective November 18, 2025. This new entity is established to make investments in businesses, including subsidiaries and joint ventures.

Management Commentary

Mehul Mohanka, Managing Director and Group CEO, stated, "We remain confident and on track to achieve our FY '26 earnings guidance, supported by strong fundamentals and strategic initiatives."

The management reaffirmed its guidance for FY26, expecting the consumables business to grow by about 15% and the equipment business to grow by over 25%.

Tega Industries continues to focus on sustainable growth and creating long-term value for stakeholders, while navigating global macroeconomic headwinds with its diversified portfolio and resilient balance sheet.

Tega Industries Limited, a prominent player in the mining and mineral processing industry, has announced the establishment of a new wholly-owned subsidiary, Tega MC Investment Pte. Ltd., in Singapore. This strategic move, effective from November 18, 2025, marks a significant step in the company's corporate restructuring efforts.

Key Details of the New Subsidiary

Purpose and Implications

The primary objective behind the creation of Tega MC Investment Pte. Ltd. is to facilitate investments in various businesses, including subsidiaries and joint ventures. This move suggests that Tega Industries is looking to expand its portfolio and potentially explore new business opportunities through this investment arm.

Financial Implications

As a newly incorporated entity, Tega MC Investment Pte. Ltd. is yet to commence business operations and currently has no turnover. The initial stated capital of USD 100 indicates a modest starting point, with the potential for further capitalization as investment opportunities arise.

Corporate Governance and Compliance

Tega Industries has duly informed the stock exchanges about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and the market are kept informed about significant corporate actions.

Outlook

The establishment of an investment arm in Singapore, a major financial hub, could potentially open up new avenues for growth and diversification for Tega Industries. Stakeholders will likely be keen to observe how this new entity contributes to the company's strategic objectives in the coming years.

As the situation develops, more details about Tega MC Investment Pte. Ltd.'s investment strategy and target sectors may emerge, providing clearer insights into Tega Industries' long-term vision and expansion plans.