Tembo Global Industries LimitedQ1FY27 Results & Financial Update
Tembo Global Industries Limited: Q1FY27 consolidated results and company financials – revenue ₹302.35 Cr, PAT ₹31.20 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Tembo Global Industries Q1FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Tembo Global Industries commenced FY27 with robust financial performance across the board, driven by the continued expansion of its high-margin engineering and EPC solutions division.
Consolidated revenue from operations for Q1 FY27 reached INR 302.35 crores, registering a strong year-on-year growth of 21.86%, though down sequentially compared to the preceding quarter due to project timing mix.
Profitability expansion outpaced revenue growth as operating efficiencies took hold: EBITDA surged significantly to INR 49.25 crores with EBITDA margins expanding by over 490 basis points year-on-year to 16.29%.
Profit after tax (PAT) for the quarter grew by 55.32% year-on-year to INR 31.20 crores, supported by disciplined cost management and an optimized revenue mix that favored high-value engineering segments over legacy trading businesses.
The strategic shift toward high-margin engineering activities was reflected in the segment revenue mix between Engineering and Textiles, which moved to 99:1 in Q1 FY27 compared to 44:56 in the corresponding quarter of the previous fiscal year.
Management remains confident in achieving its stated annual revenue guidance of INR 1,600 crores for FY27, backed by a robust consolidated order book exceeding INR 1,500 crores and an extensive bidding pipeline.
01 · Business model
What does Tembo Global Industries do?
Tembo Global Industries Limited is an engineering-driven industrial solutions provider specialising in the production and assembly of specialised metal products including pipe support systems, fasteners, anchors, HVAC components, and anti-vibration systems.
The company caters to diversified sectors such as oil and gas, chemicals, construction, power, shipbuilding, nuclear, and original equipment manufacturing (OEM) installations.
Beyond its core manufacturing operations, Tembo undertakes engineering, procurement, and construction (EPC) contracting for major infrastructure projects, alongside strategic forays into renewable energy (solar power) and defence manufacturing.
Operating primarily from Maharashtra with a global footprint extending to over 30 countries, the company leverages its UL and FM certified product range and manufacturing capacities to secure long-term industrial contracts.
02 · Historical context
What shaped the business before this quarter
Saketh Exim Private Limited was established in 2010 before later being renamed to Tembo Global Industries Limited in March 2020.
In 2023, the company ventured into the Engineering, Procurement, and Construction (EPC) contracting arena, securing infrastructure orders from marquee clients.
The company commissioned its major new manufacturing facility at Vasai with a capacity of 1,00,000 MTPA, expanding significantly beyond its legacy 18,000 MTPA capacity.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Q1FY27 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹302.35 Cr | ₹248.12 Cr | ₹345.96 Cr |
| Total income | ₹303.91 Cr | ₹250.64 Cr | ₹354.33 Cr |
| Profit before tax | ₹43.69 Cr | ₹25.85 Cr | ₹38.41 Cr |
| Profit after tax | ₹31.20 Cr | ₹20.09 Cr | ₹30.07 Cr |
| EPS | ₹1.59 | ₹1.23 | ₹1.62 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
The engineering segment grew exponentially by 172.7% YoY, acting as the primary engine for overall revenue expansion.
The revenue mix shifted decisively toward high-margin engineering and EPC solutions, reaching a 99:1 ratio against textiles during the quarter.
What drove margins
EBITDA margin expanded by 493 basis points YoY to 16.29%, aided by strong execution and operating leverage from the recently scaled Vasai manufacturing capacity.
Focused cost controls and a deliberate pivot away from lower-margin legacy trading lines helped lift PAT margin by 222 basis points YoY to 10.32%.
05 · Demand, customers & order book
Where demand is coming from
The consolidated order book stood at over INR 1,500 crores as of 30 June 2026, providing strong multi-year revenue visibility.
The company maintained an active order bidding pipeline exceeding INR 2,400 crores, including prospective EPC and infrastructure projects.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Generated INR 300.69 crores in segment revenue during Q1 FY27, representing 99% of total company sales and demonstrating continued strength across industrial infrastructure applications.
Contributed INR 1.66 crores, accounting for roughly 1% of quarterly revenue as management de-emphasizes this legacy trading line in favor of core manufacturing.
Geography and market mix
Domestic markets accounted for 85% of total revenue during Q1 FY27, while exports contributed 15%, leveraging the company's 2-Star Export House status and international product certifications.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
The newly commissioned manufacturing plant at Vasai operates with an expanded capacity of 1,00,000 MTPA, encompassing dedicated production for ERW pipes and strut channels.
Projects, capex and execution
Land has been acquired in Amravati, Maharashtra, for a proposed defence manufacturing facility, with construction activities scheduled to commence by the end of August 2026 and commercial production targeted for Q1 FY28.
08 · Strategy & new businesses
How the company is trying to change its growth mix
Subsidiary Tembo Classic Engineering Private Limited (TCEPL) received an ammunition manufacturing licence from the Ministry of Home Affairs, advancing the group's integrated defence production platform strategy.
JR UAV Limited entered into a strategic joint venture with JR-UAV Europe (Italy) and JR PROPO (Japan) to localize and manufacture next-generation UAVs and precision components in India, targeting INR 100 crores of revenue in its first year.
Four solar project sites became operational, with remaining SPV sites slated for commissioning in Q2 FY27 and commercial operations scheduled to begin in Q3 FY27 to establish a recurring revenue stream.
09 · Reported developments
What changed operationally
Receipt of the official ammunition manufacturing licence strengthens Tembo's credentials in high-value defence production.
Collaboration with established European and Japanese partners establishes a technology transfer framework for advanced autonomous systems.
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Working capital requirements remain elevated due to extended credit periods and conversion timelines inherent in large-scale EPC and engineering project execution.
Capital allocation & funding
The company converted 4,05,000 warrants into an equivalent number of equity shares upon receiving the balance consideration of INR 8.66 crores during the quarter.
11 · Management guidance & targets
What management is targeting from here
Management reaffirmed its previously outlined revenue guidance of INR 1,600 crores for the full fiscal year FY27, backed by strong execution momentum and order visibility.
12 · Beyond the numbers
What changed beyond the numbers
Reported update
Share Sub-Division
The board and shareholders approved the sub-division of equity shares from a face value of INR 10 each to INR 1 each, fixing August 5, 2026, as the record date.
13 · Previous-quarter changes
What changed since the previous quarter
Continued execution focus on high-margin engineering operations further compressed low-margin legacy textile contributions during the quarter.
14 · Key Q&A
The quarter, answered directly
What does Tembo Global Industries do?
Tembo Global Industries Limited is an engineering-driven industrial solutions provider specialising in the production and assembly of specialised metal products including pipe support systems, fasteners, anchors, HVAC components, and anti-vibration systems.
What is the clearest takeaway from Q1FY27?
Tembo Global Industries commenced FY27 with robust financial performance across the board, driven by the continued expansion of its high-margin engineering and EPC solutions division.
What drove revenue or demand?
The engineering segment grew exponentially by 172.7% YoY, acting as the primary engine for overall revenue expansion.
What mattered most for margins or profitability?
EBITDA margin expanded by 493 basis points YoY to 16.29%, aided by strong execution and operating leverage from the recently scaled Vasai manufacturing capacity.
What changed operationally beyond the headline numbers?
The newly commissioned manufacturing plant at Vasai operates with an expanded capacity of 1,00,000 MTPA, encompassing dedicated production for ERW pipes and strut channels.
What is management guiding or targeting from here?
Management reaffirmed its previously outlined revenue guidance of INR 1,600 crores for the full fiscal year FY27, backed by strong execution momentum and order visibility.
15 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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