TINNARUBR NSE filing

Tinna Rubber H1FY27 Profit Surges 60% to ₹38 Cr, EBITDA Up 50% to ₹63 Cr

The RealCase readHigh impact Positive

Tinna Rubber reported record H1 FY27 consolidated profit of ₹38 crore, up 60% YoY, with EBITDA at ₹63 crore, up 50%. Q2 FY27 revenue rose 31% to ₹157 crore. Debt reduced to ₹111 crore. A new integrated recycling facility is planned in Andhra Pradesh with an investment of ₹250 crore. Capacity expansion is on track for Q3 FY27.

Why it matters

The announcement details substantial financial growth, strategic expansion plans including a significant investment in a new facility, capacity enhancements, and credit rating upgrades, all of which are material to investors and indicate strong future prospects for the company.

The market read

The company reported record profitability, significant year-on-year growth in revenue, EBITDA, and PAT, alongside improved financial metrics like reduced debt and increased interest coverage ratio. Positive operational highlights, credit rating upgrades, and strategic expansion plans further contribute to the positive sentiment.

Tinna Rubber and Infrastructure Limited (TRIL) has announced its financial and operational performance for the second quarter and half year ended September 30, 2026 (Q2 & H1 FY27).

The company achieved record profitability in H1 FY27 on both standalone and consolidated bases. Consolidated revenue for Q2 FY27 grew by 31% year-on-year to ₹157 crore, with EBITDA increasing by 37% to ₹29 crore and Profit After Tax (PAT) rising by 45% to ₹17 crore. For the half year ended September 30, 2026, consolidated revenue increased by 25% year-on-year to ₹313 crore, EBITDA grew by 50% to ₹63 crore, and PAT surged by 60% to ₹38 crore.

Standalone EBITDA exceeded ₹61 crore and PAT surpassed ₹36 crore, with EBITDA and PAT margins above 20% and 12%, respectively. The company's balance sheet strengthened in H1 FY27, with debt declining by 9% to ₹111 crore from ₹121 crore in FY26. The interest coverage ratio improved to 9.91x, and the net debt-to-equity ratio stood at 0.32x.

Operationally, CARE Ratings upgraded Tinna's credit ratings to CARE BBB; Stable and CARE A3+. The ongoing 3,500 MTPA crumb rubber capacity expansion is on track for commissioning by Q3 FY27, which will increase MRP capacity to 20,000 MTPA. Polymer Composites & Masterbatch (PCMB) revenue tripled to ₹27 crore in H1 FY27. The company completed ₹45 crore of capex in H1 FY27 against a planned ₹100 crore for FY27-FY28. Plans are underway to invest up to ₹250 crore over three years for an integrated recycling facility in Andhra Pradesh.

Renewable energy constituted 40% of total power consumption in H1 FY27, with solar power initiatives generating savings of ₹2.37 crore. The Oman facility operated at 90% capacity utilization, with EBITDA margins improving to 11.5%. A wholly owned subsidiary, Tinna Rubber Chile SpA, has been established to expand the global ELT sourcing network.

Management anticipates continued growth, driven by policy momentum and increasing demand for recycled materials. Tinna aims to achieve ₹1,000 crore in revenue by FY29, growing at a CAGR of over 25%, with profitability growth over 33% CAGR and EBITDA margins above 18%.

Filing to action

What to do with a filing like this

Tinna Rubber and Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.

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Primary source

A plain-language summary of a public exchange filing by Tinna Rubber and Infrastructure Limited. Read the original for the full detail.

View original filing