TIL Limited , a leading material handling and infrastructure equipment manufacturer in India, has announced its financial results for the second quarter of fiscal year 2026, along with the appointment of a new director to its board.

Financial Performance

TIL Limited reported a consolidated net loss of ₹73.00 lakhs for Q2 FY26, a significant improvement from the ₹772.00 lakhs loss in Q1 FY26. For the half-year ended September 30, 2025, the company's net loss stood at ₹1,394.00 lakhs. The company's revenue from operations for Q2 FY26 was ₹7,264.00 lakhs, showing a quarter-on-quarter growth of 24.4% from ₹5,836.00 lakhs in Q1 FY26.

Here's a summary of TIL Limited's financial performance:

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for Q2 FY26 improved significantly to ₹327.00 lakhs, compared to ₹105.00 lakhs in Q1 FY26, representing an EBITDA margin of 4.0%.

Operational Highlights

TIL Limited's order book remains healthy at over ₹200.00 crore, indicating strong future revenue potential. The company plans to launch three new safety-focused material handling products at Excon 2025, aiming to unlock new market categories and leverage government infrastructure investments.

New Director Appointment

The Board of Directors has appointed Mr. Anurag Srivastava as an Additional Non-Executive Director, effective November 10, 2025. Mr. Srivastava brings a wealth of experience to TIL Limited:

• Currently serves as Managing Director & CEO of Parasea Coal Mine Project at Gainwell Group
• 2007 batch IAS officer with over 18 years of leadership experience
• Former Partner at PwC India, leading the Industrial Development and Investment Promotion platform
• Holds a degree in Mechanical Engineering from IIT Kanpur and a Micro Master's in Data, Economics, and Development Policy from MIT

Management Commentary

Mr. Alok Kumar Tripathi, President of TIL Limited, commented on the results: "Q2FY26 represents a period of steady progress, with encouraging signs across our focus areas of operational excellence, product innovation, and market expansion. Our order book remains healthy, supported by continued advances in product development and efficiency initiatives, providing a constructive outlook as we move into the seasonally stronger second half of the fiscal year."

Future Outlook

TIL Limited expects H2 FY26 to demonstrate significantly improved financial performance driven by:

1. Order book conversion
2. Incremental revenue contribution from new products
3. Operational leverage benefits as volumes scale

The company remains optimistic about delivering continued improvement through the rest of FY26, underpinned by India's sustained infrastructure investment cycle, strengthening capabilities, and a growing pipeline of opportunities across diverse customer segments.

As TIL Limited continues to navigate the challenges and opportunities in the material handling and infrastructure equipment sector, the appointment of Mr. Srivastava and the company's focus on product innovation and operational efficiency may position it well for future growth.

TIL Limited , a prominent player in the material handling solutions sector, has announced significant developments following its recent Board of Directors meeting. The company, which specializes in manufacturing mobile cranes, port equipment, and construction equipment primarily for the Indian market, has made key decisions that could shape its future trajectory.

Q1 FY26 Financial Results Approved

The Board of Directors of TIL Limited convened on August 12, 2025, to review and approve the unaudited financial results for the first quarter ended June 30, 2025. The meeting, which began at 12:00 p.m. and concluded at 3:00 p.m., saw the approval of both standalone and consolidated financial statements for the quarter.

Appointment of Key Managerial Personnel

In a strategic move, the Board has appointed Mr. Pinaki Niyogy as a Key Managerial Personnel of the company, effective August 12, 2025. Mr. Niyogy, who currently serves as the Chief Technology Officer & Chief Operating Officer, brings over three decades of experience with TIL Limited to this role.

Mr. Niyogy's journey with the company has been marked by significant contributions across various domains. His expertise evolved from 15 years in Product Development to a decade of leadership in Manufacturing and Operations for TIL's plants. Recognizing his visionary approach, Mr. Niyogy was re-designated as the Chief Technology Officer & Chief Operating Officer on January 25, 2024.

The company cited Mr. Niyogy's pivotal role in TIL's success in Defence and Civilian applications, as well as his commitment to innovation, operational excellence, and fostering international collaborations as key factors in his appointment.

Preferential Allotment of Warrants

On June 9, 2025, TIL Limited allotted 37,50,000 warrants on a preferential basis at an issue price of Rs. 160.00 each. The company received Rs. 1,500.00 lakhs as warrant subscription money, representing 25% of the issue price. The remaining 75%, amounting to Rs. 4,500.00 lakhs, is payable within 18 months from the allotment date when the warrant holders exercise their option to convert the warrants into fully paid-up equity shares.

Ongoing SEBI Matter

TIL Limited is currently facing a Securities and Exchange Board of India (SEBI) penalty of Rs. 100.00 lakhs, imposed in May 2024. The company has appealed against this order, citing a complete change in management. The Securities Appellate Tribunal has stayed the operation of the order pending appeal resolution, subject to the deposit of 50% of the penalty amount, which the company has already complied with.

As TIL Limited navigates these developments, the market will be keenly watching how these changes and decisions impact the company's performance in the material handling solutions sector.

Disclaimer: This article is based on the company's official disclosures and does not offer any investment advice or predictions about future performance.