TIL Limited Reports FY26 Results, Highlights Strong Recovery in Machine Sales and Clean Energy Expansion
TIL Limited, a leading material handling and infrastructure equipment manufacturer, announced its Q4 FY26 and full year FY26 financial results on May 29, 2026. The period marked a strategic transition for the company, with material improvements observed in core machine sales and operational execution during the second half of the fiscal year. Furthermore, the company solidified its strategic direction with the approval of a clean energy manufacturing vertical.The company’s operational income for FY26 grew to ₹ 323.25 Cr, up from ₹ 315.28 Cr in FY25. Looking ahead, TIL enters FY27 with a total order book estimated at approximately ₹274 Cr.
Financial Performance Overview (Standalone)
The financial results for FY26 showed varied performance across quarters. Overall revenue for FY26 stood at ₹337.36 Cr, marking a nominal decrease from ₹343.07 Cr recorded in FY25.The following table details the quarterly and annual financial highlights:
| Particulars | Q4 FY26 | Q4 FY25 | Q3 FY26 | 12M FY26 | 12M FY25 |
|---|---|---|---|---|---|
| Total Revenue ( ₹ Cr.) | 109.43 | 110.87 | 75.77 | 337.36 | 343.07 |
| EBITDA ( ₹ Cr.) | 10.38 | 21.47 | 3.76 | 18.46 | 40.24 |
| EBITDA% | 9.5% | 19.4% | 5.0% | 5.47% | 11.73% |
| Settlement of Dispute (One time Expenses), ( ₹ Cr.) | 5.58 | - | - | 5.58 | - |
| NET EBITDA ( ₹ Cr.) | 4.80 | 21.47 | 3.76 | 12.88 | 40.24 |
| NET EBITDA% | 4.4% | 19.4% | 5.0% | 3.82% | 11.73% |
| PBT ( ₹ Cr.) | -11.85 | 12.95 | -9.36 | -40.73 | 4.19 |
| PAT ( ₹ Cr.) | -10.08 | 9.76 | -6.84 | -30.86 | 2.90 |
Revenue reduction was attributed primarily to a substantial decline in other income, which decreased from ₹27.79 Cr in FY24-25 to ₹14.11 Cr in FY25-26, a reduction of approximately 49% due to lower non-operational income. However, core operations demonstrated resilience, with machine sales growing 4% year-on-year to ₹265.33 Cr.
Strategic Expansion and Operational Gains
The company secured several significant contracts during the year, including a ₹66.75 Cr CONCOR contract for 25 loaded ReachStackers. Additionally, TIL secured approximately ₹110 Cr in orders from the Indian Army and Indian Air Force for about 170 military cranes. A large ₹30+ Cr Operation and Maintenance contract from CONCOR marks a key re-entry into the high-margin services segment, enhancing recurring income visibility.Operationally, the company also made progress in material efficiency, with the raw material cost ratio improving from 64.5% in FY24-25 to 63.9% in FY25-26.
Most significantly, TIL entered the clean energy sector following the board's approval for a majority stake acquisition in Tulip Compression Private Limited (TCPL). This acquisition, concluded in May 2026, provides TIL access to LNG and Hydrogen powerpacks and opens specialized manufacturing markets across CNG, LNG, and Hydrogen equipment, large-scale cryogenic LNG storage, and oil and gas process vessels.
Furthermore, three indigenous products covering the pick and carry, truck crane, and rough terrain equipment segments moved from their EXCON 2025 market debut to active field trials and customer engagement during Q4, with continued enquiry conversions anticipated into FY27.
Commenting on the results, Mr Alok Kumar Tripathi, President & Whole Time Director, stated that TIL is evolving into a blend of a defence mobility manufacturer, a lifecycle infrastructure partner, a clean-energy engineering platform, and an indigenous heavy equipment company.
Mr. Pinaki Niyogy, CTO & CGO, added that the company is extending its heavy engineering capability into India's clean energy and gas infrastructure sector with the addition of Tulip Compression. TIL's core strength in indigenous engineering capability offers a powerful import substitution opportunity, supporting the objective of building an Atmanirbhar Bharat.
With its diversified portfolio, strengthened net worth, and renewed focus on high-value recurring O&M revenues, TIL positions itself as an industrial engineering platform aligned with India’s national priorities of infrastructure, defence indigenisation, and energy transition.
TIL Stock Price Movement
As of 10:06 AM, shares of TIL Limited are slipping by 5.48% in live trading, currently priced at ₹187.98. The stock has seen 43,583 shares traded, holding near the day's low of ₹187.2.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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