Tega Industries Limited has released the transcript of its Earnings Conference Call held on February 12, 2026, for the quarter and nine months ended December 31, 2025. During the call, the management reported consolidated revenue for the nine months ended FY26 at ₹1,210.3 crore, a 6% year-on-year growth, with an EBITDA of ₹216.1 crore and EBITDA margins of 18%. The margins were impacted by one-time acquisition-related expenses and new labor code regulations. Excluding these, margins would be above 20%. The equipment business showed strong momentum with revenue of ₹182.6 crore for the nine-month period, a 34% year-on-year increase. The company's order book stood at approximately ₹1,114.02 crore as of December 31, 2025, with ₹810.2 crore executable within 12 months. Management expressed confidence in navigating macroeconomic uncertainties due to a diversified portfolio and strong balance sheet. The Molycop transaction is progressing, with anti-trust filings completed in 12 jurisdictions and an FDI filing in Spain, with approvals expected in the coming months. The Chile CAPEX project is on track for commercial production in Q2 FY27. For Q3 FY26, total group revenues were ₹417.5 crore with an EBITDA of ₹60 crore, resulting in EBITDA margins of 14%. This was impacted by the one-time expenses related to the Molycop acquisition and new labor code regulations. Excluding these, EBITDA margins would be above 20%. The consumable business segment contributed 88% and the equipment business segment 12% to group revenues in Q3. Gross margins were maintained at 60% at the group level. The company anticipates a consumables business growth of around 8% for the full year FY26, and the equipment business is expected to grow by 28-30%.
