Tega Industries, a Kolkata-based mining equipment manufacturer, reported a consolidated net loss of ₹47.4 crore for the second quarter of the financial year 2026-27, compared with a profit of ₹45 crore in the corresponding quarter last year.
The company’s revenue from operations surged to ₹4,254 crore in Q2 FY27 from ₹405 crore in Q2 FY26. The sharp increase in revenue follows the acquisition of the Molycop Group, which was completed on June 1, 2026.
Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at ₹489 crore during the quarter, compared with ₹69 crore in the year-ago period. However, the EBITDA margin contracted to 11.5% from 17% a year earlier.
Tega Industries’ Molycop acquisition
Tega Industries, in partnership with Apollo Management Singapore, completed the acquisition of the Molycop Group on June 1, 2026, after receiving the required regulatory approvals and fulfilling the customary conditions.
The acquisition was completed for a purchase consideration of $442.7 million. Molycop contributed ₹5,063.2 crore to the group’s revenue during the six months ended September 30, 2026, according to the company’s filing.
Following the acquisition, the group operates across three manufacturing segments: Consumables – Grinding Media, Consumables – Others and Equipment. These businesses serve the global mineral beneficiation, mining and bulk solids handling industries.
One-time expenses related to acquisition
The company recognised one-time expenses of ₹66.6 crore during the September quarter in connection with the acquisition. These expenses were incurred towards consultants and legal advisers engaged for commercial and legal due diligence and transaction-related documentation.
For the six months ended September 30, 2026, the group reported one-time expenses of ₹257.6 crore related to the acquisition.
Shares of Tega Industries closed at ₹1,654 on the NSE, down ₹160.70 or 8.86%.