Tinna Rubber and Infrastructure Limited (TINNARUBR) — Financial Results | 28 May 2026

Tinna Rubber and Infrastructure Limited reported FY26 revenue of INR 533 crores, up 22% YoY, with EBITDA at INR 29 crores and PAT at INR 17 crores, achieving 18% EBITDA margin and 10% PAT margin. Capacity utilization stood at 90% in India and 85% in Oman, supporting a 155,000-ton tire crushing volume. The company targets 235,000 tons capacity by FY27, backed by INR 100 crores capex over two years, including expansion to 18,000 MT for PCMB. Renewable energy capacity increased 3x to 4.48 MW, targeting 50% of power needs by FY27. Final dividend of INR 3.25 per share was recommended, with QIP proceeds of INR 78 crores. Strategic focus includes PCMB (8-10% revenue target) and RCB/Pyrolysis (INR 50-55 crores revenue in FY27), while working capital days rose due to credit terms. International projects in Oman, Saudi Arabia, and South Africa advance, with Saudi capex at INR 20-25 crores. EBITDA margin is targeted at 18% through FY28, supported by asset turnover of 2-2.5x.