Tinna Rubber and Infrastructure's profit up by 20%; stock price down by more than 2%

New Delhi, May 26, 2025 – Tinna Rubber and Infrastructure Ltd (BSE: 530475, NSE: TINNARUBR) reported its financial results for the year ended March 31, 2025.  At 12:30 p.m. IST, its stock price was down by 2.86%.

Key Financial Highlights (Consolidated)

Metric	FY25	FY24	YoY Growth
Revenue from Operations (₹ Mn)	5,053	3,630	+39%
EBITDA (₹ Mn)	762	626	+22%
EBITDA Margin (%)	15.1%	17.2%	-210 bps
PAT (₹ Mn)	484	403	+20%
PAT Margin (%)	9.6%	11.1%	-150 bps
Diluted EPS (₹)	28.19	23.52	+20%

Segment-Wise Performance

Infrastructure Segment

• The company’s revenue saw a good jump and increased by 18% YoY to ₹2,220 Mn

• The CRMB processing volume of the company increased by 75%

• The company’s Bitumen emulsion business grew by 50% YoY

Industrial Segment

• The company’s revenue increased by 46% YoY to ₹1,350 Mn (includes ₹296 Mn from EPR credits)

• Export volumes saw a good rise of 28%

Consumer Segment

• In the customer segment, the revenue grew 55% YoY to ₹340 Mn

Steel Segment

• The steel segment’s revenue more than doubled to ₹1,020 Mn
• 95% of the volume growth is due to higher tyre recycling and steel abrasives addition

Operational Metrics

• Tyres Processed: 134,000 MT in FY25 (up from 99,280 MT in FY24)
• Tyre Crushing Capacity: Increased to 185,000 TPA, surpassing the year’s target
• Varale Plant Contribution: ₹580 Mn in FY25 sales at 55% utilisation

Strategic Developments & Global Expansion

• The company commenced operations of Global Recycle LLC in Oman, with a ₹20 Mn PAT contribution
• Saudi Arabia: New entity, Tinna Rubber Arabia Ltd, to commission 24,000 TPA plant in H2 FY26
• South Africa: JV under Mbodla Investment Pty Ltd to start Q1 FY26
• FY25 capex of ₹500 Mn completed and ₹1,000 Mn planned over the next 2 years
• QIP of ₹1,500 Mn to be raised for expansion and rCB plant setup

Management Commentary

“The company’s performance in FY25 is a testament to our focus on strategic investments and sustainable recycling solutions. We have stayed on track with our guidance and delivered a 3-year CAGR of 30% in revenue, 27% in EBITDA, and 42% in PAT,” stated the management.

Sustainability & CSR

• The company recovers 99% of materials from ELTs, which contributes to the circular economy

• 6 of the company’s recycling plants processed 135,000 tonnes of tyres in FY25

• The company has dedicated ₹7 Mn to CSR across healthcare, education, and environmental initiatives

Vision 2028

• The company aims to target ₹10,000 Mn revenue and an 18%+ EBITDA margin

• It is looking to expand to 10 locations globally

• It is aiming to improve its ROCE to over 30% from the current 26%

Tinna Rubber continues to improve its business performance by building on its leadership in end-of-life tyre (ELT) recycling. It is also expanding its business by entering new markets while maintaining a focus on sustainability and profitability.

REF: https://nsearchives.nseindia.com/corporate/TINNARUBBER_25052025195059_SEIntimationTRILEarningsPresentation25May25submission.pdf