According to the latest unaudited financial results announced by Tega Industries Limited, the company reported a consolidated profit after tax of ₹1,426.53 million for Q1 FY27, representing a significant turnaround from the net loss of ₹86.2 crore reported in the corresponding quarter of the previous financial year. The company's consolidated revenue surged 223% year-on-year to ₹17,408.55 million for the quarter ended June 30, 2026, compared with ₹5,407.94 million in the year-ago period. As per the latest investor presentation, the company's total income reached ₹17,409 million for the quarter, with total comprehensive income attributable to owners of ₹1,899.18 million. The standalone performance also showed strong growth with standalone revenue from operations reaching ₹2,686.54 million and standalone profit after tax of ₹454.20 million. The company's profit before tax for the quarter stood at ₹617.39 million, indicating healthy standalone profitability despite the acquisition integration challenges.
As reported in the latest financial results, Tega Industries achieved substantial revenue growth with consolidated revenue surging 223% year-on-year to ₹17,408.55 million for Q1 FY27, compared to ₹5,407.94 million during the same period in the previous financial year. The company's total expenses amounted to ₹18,582.01 million during the quarter. The Grinding Media business, representing the Molycop acquisition, contributed approximately ₹12,916.40 million to the Group's revenue for the quarter ended June 30, 2026. The Tega business excluding Molycop reported standalone revenue of ₹2,686.54 million and standalone profit after tax of ₹454.20 million. The Grinding Media business recorded 109 kilotonnes of volume during the quarter and maintained an order book of ₹12,313 million, showing a 22% year-on-year increase in the order book value. The standalone entity's expenses related to materials consumed amounted to ₹898.38 million, while finance costs for the quarter were ₹144.59 million.
According to the latest Monitoring Agency Report by Crisil Ratings Limited, Tega Industries Limited has completely utilized ₹17,13,28,58,764 from its preferential issue, primarily for the acquisition of the Molycop group. The report confirms that all funds raised have been deployed, with the balance in the issue account standing at nil as of June 30, 2026. The preferential issue proceeds, amounting to approximately USD 186.15 million (at an exchange rate of INR 92.04/USD), were initially invested in Tega MC Investment Pte. Ltd., a wholly-owned subsidiary, and subsequently placed in USD-denominated callable fixed deposits pending the acquisition. Following redemption, these funds, along with internal accruals, were utilized for the Molycop acquisition. The acquisition consideration ultimately amounted to USD 374.99 million, with the transaction facilitated through Tega Group's SPV structure and approved by respective Boards of Directors on May 28, 2026 and June 01, 2026.
The company has announced the re-appointment of Ashwani Maheshwari as an independent director for a five-year term starting April 1, 2027. The decision was taken by the Board on August 13, 2026, based on the Nomination and Remuneration Committee's recommendation, with the appointment requiring shareholder approval. Maheshwari, an IIT Roorkee and London Business School alumnus, brings extensive cross-industry experience from Tata Steel, Birla Tyres, and Kedaara Capital. His career began at Tata Steel, where he worked in the Managing Director's Office and led enterprise-wide quality and process improvement initiatives. The filing notes that he provides a broad perspective on strategy, risk management, capital allocation, and corporate governance. This re-appointment signals continued confidence in his leadership capabilities as the company navigates integration challenges and strategic expansion opportunities.
According to CNBC TV18, shares of Tega Industries Ltd ended at ₹1,662.00, down by ₹35.30, or 2.17% on the BSE following the results announcement. The market reaction reflects investor concerns over the company's shift from profitability to losses despite strong revenue growth, with the Molycop acquisition costs significantly impacting overall profitability metrics during the quarter. However, the latest financial results showing a consolidated profit after tax of ₹1,426.53 million and 223% revenue growth may provide a more positive outlook for future performance. The company has maintained its long-term consumables revenue growth guidance at 15% CAGR and expects consolidated EBITDA margin to remain around 15% for the full year. Revenue ramp-up from cross-selling and integration synergies is expected from Q3/Q4 FY2027. The Group now operates in three manufacturing segments post-acquisition: Consumables - Grinding Media, Consumables - Others, and Equipments. Industry fundamentals remain strong, with global gold and copper demand projected to grow at 2.2% and 4.8% CAGR, respectively, through FY30.
