TIL Reports Q3 FY26 Growth And Record Orders

19 Feb 2026 CW Team

TIL Limited reported its third quarter results for FY26, with total revenue of Rs 757.7 million (mn) and EBITDA of Rs 37.6 mn reflecting sequential improvement. Revenue represented a nine per cent year-on-year decline against a strong prior-year base while EBITDA rose by 15 per cent quarter-on-quarter from Rs 32.7 mn to Rs 37.6 mn, and EBITDA margin improved to five per cent from four per cent. The company recorded a loss after tax of Rs 68.4 mn for the quarter as provisions related to the new labour code were reflected in results.\n\nTIL launched three indigenously developed material handling products under the Three Ka Dum showcase, expanding offerings across pick-and-carry, truck crane and reachstacker segments. The CarryKing 515 pick-and-carry-on-deck crane offers 15 tonne (t) lifting and six tonne (t) on-deck carriage with 360 degree slew capability and a microprocessor-based safety system. The TMS-885 truck crane and the RT RST-8 rough terrain empty container ReachStacker attracted market interest and potential export enquiries.\n\nThe quarter saw landmark orders totalling over Rs two billion (bn), including a Rs 667.5 mn order from Container Corporation of India for 25 loaded ReachStackers and roughly Rs 1.1 bn from defence purchases for about 170 specially designed military cranes. The company also secured an operation and maintenance contract worth over Rs 300 mn for multi-year support of machines, marking a re-entry into O&M services. The order pipeline stood above Rs four bn supported by enquiries from EXCON and traction across defence, logistics, ports and infrastructure sectors.\n\nThe company indicated operational resilience and sequential margin recovery driven by cost controls and efficiency measures, with management expecting improved performance in the fourth quarter as order conversion progresses. The firm highlighted that strategic product launches and a robust order book provide execution visibility for FY26 and a platform for growth into FY27. TIL emphasised its commitment to support India's infrastructure expansion and defence preparedness while seeking sustained financial improvement.

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