Tembo Global Industries Limited, announced its quarterly results for Q2FY25 as well as H1FY25 here last evening. With a strong focus on project execution (EPC), the company (TGIL) registered impressive numbers for Q2FY25 registering a growth of 170% YoY in consolidated PAT at Rs 18.96 crores from Rs 7.01 crores for the corresponding period in the last fiscal. The company also impressed with its consolidated revenue growth by 55% with Rs 302.7 crs in H1FY25 from Rs 195.1 crs in the corresponding period in the last fiscal.
Revenue from Operations: The company reported consolidated revenues of Rs172.9 crs for Q2FY2025a significant increase from Rs 114.04 crs in the corresponding period of the previous fiscal, a growth of 51.61%. Total Income from Operations: TGI achieved total income of Rs 172.93 crs for Q2FY25, up from Rs 129.73 crs in Q1FY2025, registering a growth of 72.93% Q-o-Q. The YoY rise stands at 58.52% as revenue was Rs 109.09 crs in Q2FY24.
Profit Before Tax (PBT): Profit from operations before tax rose to Rs 18.96 crs for the quarter, compared to Rs 7.24 crs in Q1FY25, thereby more than doubling at 161.87% in the PBT on QoQ basis. The numbers impressed from Rs 6.36 crs in Q2FY24, hence, registering a growth of 198%.
Net Profit for Q2FY25: The net profit for Q2FY25 stood a Rs 14.04 crs, reflecting a robust performance registering a growth of 161.45% QoQ from to Rs 5.37 crs in Q1FY2024, despite challenging market conditions.
TGIL excelled in its operational performance with an increase in revenue driven by strong demand for diverse product lines, especially from its engineering solutions and project execution. As an exporter with growing repute, the company remains steadfast in delivering high-quality solutions across its diverse offerings. Recently, TGIL received a Letter of Award (LOA) for a 124 Mega Watt Power Purchase Agreement (PPA) under the Kusum 2 scheme from the Maharashtra government, valued at Rs 775 crores. With an order book in hand of Rs 1,200 crores, including L1 projects worth Rs 1,100 crores, the company is well-positioned for continued growth.
As TGIL continues its commitment to adaptability with a comprehensive approach, the company is building a versatile array of top-class solutions to meet the dynamic demands of the market. The increase in revenue is attributed to the strong demand across its product lines. The company’s cost management and inventory optimization have significantly contributed to bolstering its bottom line.
