Tamboli Industries Chairman & Managing Director Vaibhav B. Tamboli has been recognized with the prestigious 'Manufacturing Maestros' Award, highlighting his significant contributions to the precision machining and investment casting industry in India.

Award Recognition

Mr. Tamboli was named one of eight Manufacturing Maestros from Gujarat in the Ahmedabad edition of the award. The recognition came through nominations from a group of eight multinational corporations, underscoring the industry-wide respect for his leadership and innovations.

Significance of the Award

The 'Manufacturing Maestros' Award celebrates exceptional industry leaders who are advancing global standards of manufacturing and contributing to India's excellence in precision machining. This accolade shines a spotlight on innovators and visionaries in the machining sector who are driving India's manufacturing journey, aligning with the nation's 'Make in India' aspirations.

Impact on Various Sectors

The precision machining expertise championed by leaders like Mr. Tamboli plays a crucial role in various high-tech industries. From aerospace components and surgical instruments to high-speed trains and renewable energy technologies, precision machining serves as the backbone of industrial growth and innovation.

Tamboli's Reaction

Commenting on the achievement, Vaibhav B. Tamboli said, "This recognition ignites the entire ecosystem — industry, team, and community. It validates a story of excellence and pure persistence. And my journey is just one example. Today, India is defined by leaders who dare to pursue nothing less. This recognition reflects the dedication and hard work of my team and reaffirms Tamboli Industries' commitment to be at the cutting edge of the precision castings and machining industry."

About Tamboli Industries Limited

Tamboli Industries Limited serves as the principal holding company and promoter of Tamboli Castings Limited (TCL). Tamboli Industries holds 100% equity share capital in its wholly-owned subsidiary, TCL, which specializes in investment casting technology (Feinguss) and delivers fully machined precision components.

This award not only recognizes Mr. Tamboli's personal achievements but also highlights the growing prominence of Indian manufacturing in the global precision engineering landscape. It underscores the company's commitment to excellence and innovation in the precision castings and machining industry, contributing to India's manufacturing capabilities on the world stage.

Tamboli Industries Limited has released its unaudited financial results for the first quarter ending June 30. The company demonstrated resilience across its diverse business segments, reporting a profit after tax of Rs 127.35 crore for the quarter.

Financial Highlights

• Net sales from operations stood at Rs 1,671.24 crore, marking a significant increase from Rs 1,410.30 crore in the same quarter of the previous year.
• Profit after tax (PAT) reached Rs 127.35 crore, compared to Rs 139.45 crore in Q1 of the previous year.
• The company's total segment assets amounted to Rs 13,147.60 crore, with segment liabilities of Rs 1,662.23 crore.

Segment-wise Performance

Tamboli Industries operates across three primary segments:

1. Manufacturing Activities: Generated revenue of Rs 1,632.64 crore
2. Investment Activities: Contributed Rs 63.60 crore to the revenue
3. Trading Activities: Added Rs 62.06 crore to the top line

The manufacturing segment emerged as the primary revenue driver, accounting for the largest share of the company's income.

Profit Analysis

The company reported a profit before tax of Rs 170.46 crore for the quarter. After accounting for tax expenses, including current tax of Rs 35.36 crore and deferred tax of Rs 7.75 crore, the net profit stood at Rs 127.35 crore.

Balance Sheet Overview

As of June 30, Tamboli Industries' financial position reflected:

Corporate Governance

The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in their meeting held on August 13. The statutory auditors, M/s P A R K & Co, provided a limited review report, stating that nothing has come to their attention that causes them to believe that the financial statements do not present a true and fair view in accordance with applicable accounting standards.

Conclusion

Tamboli Industries Limited has demonstrated a solid performance in Q1, with growth across its diverse business segments. The company's strong manufacturing base continues to be the primary contributor to its revenue, while its investment and trading activities provide additional streams of income.