Tega Industries Q1 reports ₹86 crore loss as Molycop acquisition costs hit profit

Tega Industries Q1 reports ₹86 crore loss as Molycop acquisition costs hit profit


Mill liners and wear parts producer Tega Industries Ltd on Thursday (August 13) reported a consolidated net loss of ₹86.2 crore in Q1FY27, compared with a profit of ₹35.3 crore in the corresponding quarter last year.

Revenue surged 384% year-on-year to ₹1,723.4 crore from ₹356.1 crore in the year-ago quarter. However, earnings before interest, tax, depreciation and amortisation (EBITDA) remained unchanged at ₹55.6 crore, while the EBITDA margin declined to 3.2% from 15.6% a year ago.

The company reported total income of ₹1,283.4 crore, while adjusted EBITDA stood at ₹162.8 crore and adjusted profit after tax (PAT) at ₹101.1 crore.

ALSO READ | Tega Industries shares fall over 6% after net profit slumps 64% in December quarter

Excluding Molycop, the Tega business reported total income of ₹457.5 crore, adjusted EBITDA of ₹101.1 crore and adjusted PAT of ₹44.4 crore. The Grinding Media business, which represents the newly acquired Molycop operations, recorded 109 kilotonnes (KT) of volume during the quarter and had an order book of ₹1,231.3 crore.

Tega said the Grinding Media results include only the month of June 2026, as June 1, 2026, was the acquisition date. The Tega business excluding Molycop comprises the Consumable and Equipment segments.

At the group level, adjusted EBITDA stood at approximately ₹263.9 crore and adjusted PAT at approximately ₹54.7 crore, after adjusting for one-time transaction expenses of ₹191 crore and the related tax impact of approximately ₹28 crore.

Shares of Tega Industries Ltd ended at ₹1,662.00, down by ₹35.30, or 2.17%, on the BSE.ALSO READ | Tega Industries Q3: Net profit slumps 63%, margin contracts over 1000 basis points



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