Tinna Rubber and Infrastructure Limited has presented its financial and operational performance for the third quarter and nine-month period ended December 31, 2025 (Q3-9MFY26), demonstrating improved profitability metrics despite revenue stability. The company's investor presentation, submitted under Regulation 30 of SEBI listing requirements, highlights significant margin expansion and operational efficiency gains.

Financial Performance Highlights

The company's standalone performance for 9MFY26 showed notable margin improvements despite stable revenue levels. Key financial metrics demonstrate the company's focus on operational efficiency and cost management.

At the consolidated level, 9MFY26 EBITDA margins improved by ~110 bps, while revenues and PAT remained stable due to the net impact of initial start-up costs and profits across associates, joint ventures, and subsidiaries. The company expects this performance to normalize in coming quarters.

Operational Performance and Volume Growth

The company demonstrated strong operational metrics with significant volume growth across its tyre processing operations. Quarterly consolidated revenue growth of 13% was led by a 25% increase in tyre processing volumes, indicating robust demand recovery.

The capacity utilization on a 9MFY26 basis stood at 71% for India and 94% for Oman operations, reflecting strong operational efficiency in international markets.

Strategic Business Developments

The company achieved several strategic milestones during the period, including securing significant new business and expanding its operational capabilities.

Major Contract Win:

• Received two-year work order from Indian Oil Corporation Limited in January 2026
• Contract value: Rs. 75.79 crores (including 18% GST)
• Supply of Crumb Rubber Modifier to Haldia and Mathura plants

Business Segment Performance: The Polymer Composite & Masterbatch (PCMB) business showed strong quarter-on-quarter growth of approximately 75% in volume, currently operating at 40% capacity utilization in 9MFY26 with expectations to reach 45% by FY26 end.

International Expansion and Sustainability Initiatives

The company continues its global expansion strategy with operations across multiple geographies and strong focus on sustainability.

The company allocated INR 5 crore towards R&D expenditure and achieved renewable energy savings of INR 2.23 crore up to 9MFY26. EPR credit amounting to INR 23.9 crore was included in 9MFY26 revenue, compared to INR 24.4 crore in 9MFY25.

Future Outlook and Growth Targets

Tinna Rubber targets robust growth across multiple business segments with specific volume and capacity expansion goals. The company expects exports to be a strong growth catalyst, targeting 30% volume increase by Q4 FY26 end. The PCMB division contributed around 4% to 9MFY26 turnover and targets 8-10% revenue contribution in FY27.

The management expects normalization of performance across international operations as initial start-up costs stabilize, with Global Recycle LLC, Oman contributing Rs. 0.35 crore at PAT level, while Mbodla Investments, South Africa and Tinna Rubber Arabia reported combined loss of Rs. 1.46 crore due to initial start-up costs.

Source:

Tinna rubber and infrastructure Limited has announced its unaudited financial results for the third quarter and nine-month period ended December 31, 2025. The company's Board of Directors approved these results at their meeting held on February 07, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Strong Q3FY26 Financial Performance

The company delivered robust consolidated financial performance during the quarter. Revenue from operations reached ₹13,906.40 lakhs compared to ₹12,267.86 lakhs in the corresponding quarter of the previous year, marking significant growth.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, the company maintained strong momentum with consolidated revenue from operations of ₹38,885.61 lakhs compared to ₹37,631.12 lakhs in the previous year. Net profit for the nine-month period stood at ₹3,631.74 lakhs versus ₹3,667.66 lakhs in the corresponding period.

Standalone Financial Results

On a standalone basis, the company reported revenue from operations of ₹13,451.79 lakhs for Q3FY26 against ₹12,313.74 lakhs in Q3FY25. Standalone net profit reached ₹1,296.48 lakhs compared to ₹699.67 lakhs in the previous year's quarter.

EPR Revenue and Business Operations

Revenue from operations includes sale and accrual of Extended Producer Responsibility (EPR) credits amounting to ₹2,389.03 lakhs for the nine-month period and ₹430.37 lakhs for the quarter ended December 31, 2025. The company operates in manufacturing Crumb Rubber, Crumb Rubber Modifier, Modified Bitumen & Bitumen Emulsion and allied products.

Fund Utilization Update

The company provided details on the utilization of proceeds from its equity issue conducted on June 27, 2025, where 8,86,257 equity shares were allotted at ₹888 per share, raising approximately ₹7,869.96 lakhs.

The financial results were subjected to limited review by statutory auditors S S Kothari Mehta & Co. LLP, who expressed an unmodified conclusion on both consolidated and standalone financial statements.