TIL Limited, the key player in India’s material handling and infrastructure equipment manufacturing sector, has released its Q2 FY25 results with operational improvements and financial stability. The revenue for the quarter comes in at ₹72.5 crore, keeping its consistent trajectory following the acquisition of new management, while EBITDA reported a significant growth of 45.8% Q-o-Q, taking the number to ₹7.3 crore, which captures the margin of 10.1%. This performance comes on the back of an optimized product mix and strong cost-control measures. The company has managed to stay in its stride despite a marginal revenue drop to ₹76.7 crore in Q1 FY25.
The order book stands healthy at₹214 crore as of September 2024, which includes new orders worth₹105 crore obtained since the change in management. Strategic partnerships have become a strong plank for the company, while the renewed DSSA with Hyster-Yale Asia-Pacific further reinforces it. This has fortified the position in diverse markets and remains committed to growth. Key Financial Highlights for Q3 FY25. The company’s revenue saw a tremendous year-over-year (Y-o-Y) spurt of 257% against Q2 FY24, which had revenue of ₹20.3 crore. For example, the EBITDA of the company for Q2 FY25 stood at ₹-1.2 crore as against a loss of ₹-11.1 crore during Q2 FY24, reflecting strong execution of its strategic initiatives.
The pre-tax loss for the quarter came in at ₹-2.3 crore, compared with ₹-2.9 crore from the previous quarter and ₹-21.9 crore from Q2 FY24. The net loss also narrowed to₹-2.1 crore from₹-1.1 crore in Q1 FY25 and₹-20.3 crore a year ago. Improving working capital management, as marked by a current ratio of 1.23, and realization of ₹20.2 crore from debt collection were further positives for the balance sheet of the company. The DSO stood at 120 days, the lowest in five years, indicating an improvement in the operational efficiency of the company.
The TIL product portfolio offers diverse ranges: the indigenous TIL Range, Manitowoc Cranes produced in association with global partners Grove Worldwide and Manitowoc Crane Group, the Hyster-TIL Range manufactured in coordination with Hyster-Yale Group, Inc., and Snorkel aerial work platforms and telehandlers. All these solutions are designed to meet the complex requirements of different industries so that reliability and performance are maximized. After-sales support is provided by TIL through regional offices spread across India to ensure that customer equipment is operating at its best maximum amount of time to yield higher satisfaction.
In totality, it will be observed that the company has vast capabilities in manufacturing, strategic alliances, and services being excellent, more by way of stressing its contribution toward infrastructure in India. Continuous improvement in TIL’s operations, together with a strong focus on innovation and execution, places it on a growth path for times ahead and puts TIL on a rewarding path in an environment that would present competitive market conditions.
Source: PTI