TIL, one of India’s leading material handling and infrastructure equipment manufacturers, announced its financial results for Q2 FY26, reporting revenue growth, improved execution, and continued progress across strategic initiatives. The company is poised for a stronger performance in the second half of the fiscal year, supported by a robust order book and a pipeline of new product launches.

In Q2 FY26, TIL reported a 12 per cent year-on-year increase in revenue to Rs 810.45 million, reflecting steady operational momentum. EBITDA rose 211 per cent quarter-on-quarter to Rs 30.27 million, demonstrating enhanced execution and improved operational stability. Despite a net loss of Rs 70.72 million, the company continues to invest in product development, workforce expansion, aftermarket capabilities, and indigenisation initiatives—efforts expected to strengthen performance in subsequent quarters.

The company’s order book remains strong at over Rs 2 billion, buoyed by positive early market feedback on upcoming products and a favourable demand outlook supported by ongoing infrastructure expansion. TIL is preparing to launch three new safety-focused material handling products at Excon 2025, enabling entry into new market categories and helping the company capitalize on government-led infrastructure investments.

“Q2 FY26 marks a period of steady progress, with encouraging developments across operational excellence, product innovation and market expansion,” said Alok Kumar Tripathi, President, TIL. “Our order book is healthy, and early feedback on our upcoming product portfolio has been very positive. As we enter the seasonally stronger second half of FY26, we remain optimistic about continued improvement, supported by India’s sustained infrastructure investment cycle and a growing pipeline of opportunities across customer segments.”

TIL enters H2 FY26 with stable fundamentals, clear execution visibility and strengthening operational metrics. The company expects the second half to deliver significantly improved financial performance driven by order book conversion, increased contributions from new products, and operational leverage as volumes scale. While the sharp depreciation of the Indian Rupee in H1 FY26 resulted in a substantial forex impact, the company confirmed that its operational costs remain largely unaffected.