TIL Limited (TIL) reported Q3FY26 results showing operational resilience and strategic progress following the launch of three indigenously developed products and order intake exceeding Rs two billion (bn). The company recorded revenue of Rs 757.7 million (mn) for the quarter despite a challenging market and a strong prior-year base. Management described the quarter as a sequential improvement in operational momentum.

EBITDA rose 15 per cent quarter-on-quarter to Rs 37.6 million (mn) from Rs 32.7 million (mn), lifting the EBITDA margin to five per cent from four per cent. Revenue was down nine per cent year-on-year, reflecting global headwinds. Profit before tax was negative at Rs -93.6 million (mn) and net loss after tax was Rs -68.4 million (mn).

The new products are the CarryKing 515 pick-and-carry crane with a 15 tonne (t) lift and six tonne (t) deck carriage capability, the TMS-885 85 tonne (t) truck crane, and the RT RST-8 eight tonne (t) rough terrain ReachStacker. The RT RST-8 was described as a world first and attracted export interest. The TMS-885 signalled TIL's re-entry to the truck crane segment.

Order wins underscored the dual commercial and defence focus. Contracts included Rs 667.5 million (mn) from Container Corporation of India Limited for 25 loaded ReachStackers and about Rs one point one billion (bn) from the Indian Army and Indian Air Force for around 170 specially designed military cranes. Total quarterly order intake exceeded Rs two billion (bn) and the pipeline stood at over Rs four billion (bn) supported by EXCON enquiries and traction. An operation and maintenance contract worth over Rs 300 million (mn) from Container Corporation marked re-entry into the O&M space.

Management said operational efficiencies and cost controls are beginning to translate into sequential profitability improvement and that Q4FY26 is expected to show better performance as order conversions accelerate. The firm positioned its launches and order book as foundations for sustained recovery and acceleration in FY27, aligned with the Atmanirbhar Bharat initiative. The reported results included provisions to comply with the new labour code implemented in November 2025.