TIL Limited Reports Q2​ FY25 Results​ Operational Excellence Resulted in Sustainable Revenue and EBITDA Growth

Highlights

• Revenue remains stable at ₹72.5 Cr, indicative of regularising business activities after the new management's takeover

• EBITDA has grown to ₹7.3 Cr from ₹5.0 Cr, an increase of 45.8% over the previous sequential quarter spurred by a better product mix and cost optimisation

• Orderbook continues to be healthy at ₹214 Cr (Sep 2024) - including new orders worth ₹105 Cr post takeover

Kolkata, ​13/11/2024: TIL Limited (NSE: TIL), a cornerstone in India's material handling and infrastructure equipment manufacturing sector, have announced their Q2 FY25 results. After reporting a 1835.84% Y-o-Y revenue growth in Q1, the company​ maintained ​stable revenue at ₹72.5 Cr​ in Q2 and achieved significant ​EBITDA growth of 45.8% Q-o-Q, reaching ₹7.3 Cr with a 10.1% margin. The company's order book remains robust at ₹214 Cr (as of September 2024), including new orders worth ₹105 Cr secured after the new management takeover.

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The company's recent partnership with Snorkel Europe Limited and renewal of its Distribution Sales and Service Agreement (DSSA) with Hyster-Yale Asia-Pacific further reinforces its commitment to serving diverse industries while strengthening its market position. Under the leadership of Chairman and Managing Director, Mr. Sunil Kumar Chaturvedi and President, Mr. Alok Kumar Tripathi, TIL Limited continues to strengthen its market position while demonstrating significant operational improvements.

Quarterly Financial Highlights

Particulars (In crore)

Q2FY25

Q1FY25

Q-o-Q %

Q2FY24

Y-o-Y %

Revenue

72.5

76.7

-5.5%

20.3

257.0%

EBITDA

7.3

5.0

45.8%

-11.1

-

EBITDA %

10.1%

6.5%

-

-54.8%

-

PBT

-2.3

-2.9

-

-21.9

-

PAT

-2.1

-1.1

-

-20.3

-

Speaking about the results, Sunil Kumar Chaturvedi, Chairman & Managing Director, TIL Limited said, "Our Q2 performance reflects the successful implementation of our strategic initiatives and operational excellence programs. The 45.8% improvement in EBITDA and stable revenue demonstrate our commitment to cost optimisation while maintaining product quality. The 10.1% EBITDA margin this quarter and a healthy orderbook of ₹214 crore provides strong visibility for future growth. As we continue to strengthen our global alliances and leverage our technical expertise, TIL stands poised to play an increasingly vital role in India's infrastructure development. The remarkable turnaround in profitability within just two quarters of new management validates our strategic direction and positions us well for sustained growth in India's rapidly evolving industrial landscape."

Alok Tripathi, President, TIL Limited added, "The second quarter results demonstrate our ability to execute our strategic vision effectively. Our operational expenses have been well-controlled through systematic cost optimisation initiatives, without compromising on product quality or service excellence. The improvement in our current ratio to 1.23 reflects stronger working capital management, while our successful old debt collection of ₹20.2 crore strengthens our balance sheet position. Our DSO days stood at 120 days, which is the lowest in the past 5 years. The robust order book, with new orders worth ₹105.0 crore since post takeover till September 2024, showcases strong market confidence in TIL's products and capabilities. As we move forward, we remain committed to leveraging our rich history and technical expertise to drive innovation and meet evolving industry needs."

TIL Limited's remarkable quarterly performance is underpinned by its comprehensive product portfolio and manufacturing excellence. The company's offerings span four categories: the TIL Range, Manitowoc Cranes, Hyster-TIL Range, and Snorkel aerial work platforms and telehandlers — each representing the pinnacle of engineering and reliability in their respective segments. The indigenous TIL Range showcases the company's home-grown innovation in material handling solutions, while strategic alliances with global leaders have enabled the successful development and manufacturing of Manitowoc Cranes through collaboration with Grove Worldwide and Manitowoc Crane Group.

The Hyster-TIL Range, developed in partnership with Hyster® (a division of Hyster-Yale Group, Inc.), and Snorkel aerial work platforms and telehandlers round out the company's robust product lineup, ensuring comprehensive solutions for diverse industry needs. TIL's manufacturing excellence is further enhanced by its extensive pan-India presence through strategically located regional offices. This network enables the delivery of superior aftermarket support, a crucial factor in maximising equipment uptime and performance for customers across various sectors. The combination of advanced manufacturing capabilities, strategic global partnerships, and comprehensive service support has positioned TIL Limited as a trusted partner in India's infrastructure development journey.

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