Tembo Global Industries Limited (TGIL), a leading engineering and infrastructure solutions provider, has announced strong financial results for Q3 FY25, showcasing significant growth across key financial metrics. The company continues to strengthen its market position with a strong order pipeline, strategic expansions, and successful capital-raising initiatives.
Key Financial Highlights (Consolidated):
- Revenue: Rs. 16,449.91 lakhs in Q3 FY25, a 42.6% year-on-year growth from Rs. 11,537.25 lakhs in Q3 FY24.
- Total Income: Rs. 16,890.06 lakhs in Q3 FY25, compared to Rs. 11,835.84 lakhs in Q3 FY24.
- EBITDA: Rs. 3,096.69 lakhs for Q3 FY25, demonstrating strong operational performance.
- Profit Before Tax (PBT): Rs. 2,529.27 lakhs in Q3 FY25, a notable increase from Rs. 595.35 lakhs in Q3 FY24.
- Net Profit: Rs. 1,631.27 lakhs for Q3 FY25, compared to Rs. 444.79 lakhs in Q3 FY24.
- Earnings Per Share (EPS): Rs. 14.69 (Basic) for Q3 FY25, compared to Rs. 4.01 in Q3 FY24.
Business and Operational Updates:
- Interim Dividend Declared: The Board of Directors has declared an interim dividend of Rs. 1 per equity share (10%) for FY25. The record date for the dividend is February 14, 2025, with payout completion within 30 days.
- Leadership Strengthening: Mr. Kiran Mukadam has been appointed as the new Company Secretary and Compliance Officer, bringing over 15 years of experience in corporate law, compliance, and administration.
- Strategic Expansion: The company completed the acquisition of a 75% stake in Tembo PES JV Pvt Ltd as part of its ongoing expansion strategy
Subsidiaries and Associates:
The interim financial statements of certain subsidiaries and associates, including Tembo Global LLC, Tembo USA Inc, Tembo Global Infra Limited, and Tembo PES JV Pvt Ltd, were not reviewed. These entities collectively reported:
- Total Assets: Rs. 5,939.21 lakhs
- Total Revenues: Rs. 3,595.84 lakhs
- Total Net Profit: Rs. 1,122.90 lakhs for the nine months ended December 31, 2024
While some financial information remains unaudited, Tembo Global maintains a robust review process to ensure transparency. Additionally, the acquisition of a 75% stake in Tembo PES JV Pvt Ltd was accounted for using the pooling of interest method as a common control acquisition, reinforcing the company’s strategic expansion and industry capabilities.
Capital Raising Initiatives:
Tembo Global successfully raised capital through multiple transactions:
- 19,79,000 equity shares issued at Rs. 285 per share, raising Rs. 56.40 crores from non-promoter category allottees.
- 8,10,000 share warrants issued at Rs. 285 per warrant to promoter category allottees, with an upfront payment of Rs. 5.77 crores.
- 18,00,000 previously allotted warrants converted into equity shares, raising Rs. 41.40 crores post full payment.
- Total Share Warrants Value: Rs. 41.40 crore.
- Paid-up Capital Increase: From 11,103,746 to 14,882,746 equity shares post-allotments.
- Closing Stock Valuation: Based on management representation.
All allotments complied with SEBI (ICDR) Regulations, 2018, reflecting strong investor confidence.
Management Commentary:
Mr. Sanjay Patel, Managing Director of Tembo Global Industries Limited, stated:
“We are pleased to report another strong quarter of financial performance, reflecting our resilience and strategic growth initiatives. The significant increase in revenue and profitability underscores our focus on operational efficiency, market expansion, and value creation for stakeholders. With a robust order pipeline and a diversified business model, we remain optimistic about sustaining our momentum in the coming quarters.”
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