TIL has reported its Q4FY26 and full-year FY26 financial results, highlighting recovery in machine sales, operational improvement in the second half of the year and expansion into the clean energy segment through acquisition.

The company reported FY26 revenue of Rs 3.37 billion, marginally lower than Rs 3.43 billion in FY25. Operational income rose to Rs 3.23 billion from Rs 3.15 billion a year earlier. EBITDA stood at Rs 184.6 million against Rs 402.4 million in FY25, while profit before tax was reported at a loss of Rs 407.3 million compared to a profit of Rs 41.9 million in the previous year. Profit after tax stood at a loss of Rs 308.6 million against a profit of Rs 29 million in FY25. TIL said profitability remained impacted by financing costs, currency pressures and one-time settlement expenses.

Machine sales grew 4 per cent year-on-year to Rs 2.65 billion, supported by improved execution and an expanded product portfolio. During the year, the company secured key contracts including a Rs 667.5 million CONCOR order for 25 loaded ReachStackers, around Rs 1.10 billion in defence orders from the Indian Army and Indian Air Force for approximately 170 military cranes, and an operations and maintenance contract valued at over Rs 300 million from CONCOR.

The company also completed the acquisition of Tulip Compression Private Limited in May 2026, enabling entry into LNG and hydrogen-based engineering and manufacturing. TIL enters FY27 with an order book of approximately Rs 2.74 billion.

Commenting on the results, Mr Alok Kumar Tripathi, President & Whole Time Director, TIL Limited, said, "TIL is gradually becoming a defence mobility manufacturer, a lifecycle infrastructure partner, a clean-energy engineering platform and an indigenous heavy-equipment company. In FY25-26, TIL has demonstrated recovery in core machine sales, operational performance and shown financial resilience in H2 and Q4 despite four major challenges. The first two were global geopolitical uncertainties and supply-chain disruptions that mellowed our topline, and the latter were a weakening rupee and rising freight costs that directly impacted material cost and took a bite out of our bottom line. Despite this, the company has maintained a positive EBITDA despite substantial financing costs, lower other income, and one-time SOD expenses.”

Pinaki Niyogy, CTO & CGO, TIL, added: “TIL is evolving from a cyclical equipment company into a broader engineering platform. Our new indigenous products have been well received across retail and defence verticals and we will soon commercialise them along with a few newer platforms. We are also extending our heavy engineering capability into India’s clean energy and gas infrastructure sector with Tulip Compression joining the TIL family. TIL’s core strength remains its indigenous engineering capability, which offers a powerful import substitution opportunity and will help build a truly Atmanirbhar Bharat."