* Tinna Rubber and Infrastructure Limited released its Investor & Earnings Presentation for the second quarter and half year ended September 30, 2025 (Q2-H1FY26). * Consolidated Financial Performance (Q2 FY26 vs Q2 FY25): * Operational Income: ₹120 crore (up 2%). * EBITDA: ₹22 crore (up 12%), with an EBITDA Margin of 18.0%. * Profit After Tax (PAT): ₹12 crore (down 3%), with a PAT Margin of 9.8%. * Consolidated Financial Performance (H1 FY26 vs H1 FY25): * Operational Income: ₹250 crore (down 2%). * EBITDA: ₹42 crore (down 3%), with an EBITDA Margin of 17.0%. * PAT: ₹24 crore (down 18%), with a PAT Margin of 9.4%. * Operational Highlights: * In H1 FY26, the company processed 65,759 MT of tyres in India and 6,399 MT in Oman, achieving capacity utilizations of 77% and 85% respectively. * Infrastructure Segment revenue saw a 23% dip YoY due to a strategic focus on curtailing sales of low-margin, commoditized products, while the CRM business volume grew 75% YoY. * Industrial Segment revenue grew 19% YoY, with export volumes up 7% and MRP and RR volumes growing 20% and 4% respectively. * The company aims for a 30% volume increase in exports by the end of Q4 FY26 (March 31, 2026). * Strategic Initiatives & International Projects: * An estimated capex of approximately ₹100 crore is planned over the next two years, with ₹56 crore completed in H1 FY26. * QIP funds of ₹78.7 crore were deployed for debt reduction (₹23 crore), solar power expansion (₹11.7 crore), Pyrolysis & Recovered Carbon Black (₹21.8 crore), and general corporate purposes (₹19 crore). * International expansion includes setting up a tyre recycling plant in Saudi Arabia (24,000 MT per annum capacity), with operations targeted to commence by mid-FY27 (September 30, 2026). * In South Africa, Mbodla Investments (JV) capital funding was infused, and breakeven is expected by March 2026. * In Oman, the plant is operating at 85% capacity, contributing approximately ₹15 crore ($1.7 million) to H1 FY26 revenue. Consent to import ELT into Oman has been secured to improve margins. * Polymer Compounding Solutions contributed about 3% to H1 FY26 turnover, with an integrated washing line commissioned at the Panipat plant. * The Recovered Carbon Black (rCB) project is on track, with trials scheduled to commence by the end of Q3 (December 31, 2025). * Sustainability & Cost Savings: * Renewable energy initiatives contributed ₹1 crore in savings in H1 FY26. * The company is expanding its renewable energy capacity from 1.23 MW to 4.48 MW, expecting total savings of ₹3.9 crore+ in FY26. This project is expected to be completed by the end of Q3 FY26 (December 31, 2025). * There is a target to meet 50% of total power consumption through renewable solar energy by the end of FY26 (March 31, 2026). * Vision 2028: * The company targets a revenue of ₹1,000 crore (from ₹505 crore in FY25), a revenue CAGR of 25%+, EBITDA Margin of 18%+, and ROCE of 30%+, with plans to expand to 10 locations.
