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TIL Q3FY26 Shows Sequential EBITDA Recovery

2026-02-17

TIL Limited has reported its Q3FY26 standalone results, reflecting sequential operational improvement alongside a strong order inflow and new product launches. Total revenue for the quarter stood at Rs 7,577 lakh, compared to Rs 8,298 lakh in Q3FY25, marking a 9 per cent year-on-year decline amid global economic headwinds. On a sequential basis, performance remained stable against Rs 8,145 lakh reported in Q2FY26.

EBITDA improved 15 per cent quarter-on-quarter to Rs 376 lakh from Rs 327 lakh in Q2FY26, with margins rising to 5 per cent from 4 per cent in the previous quarter. However, EBITDA declined 42 per cent year-on-year. For the nine-month period (9MFY26), revenue stood at Rs 22,793 lakh, down 2 per cent compared to Rs 23,220 lakh in 9MFY25, while EBITDA was reported at Rs 808 lakh.

During the quarter, TIL launched three indigenously developed products under its ‘Three Ka Dum’ showcase — the CarryKing 515 (15-tonne pick-and-carry-on-deck crane), the TMS-885 (85-tonne truck crane), and the RT RST-8 (8-tonne rough terrain empty container reach stacker). The launches mark the company’s re-entry into the truck crane segment and expansion into specialised logistics equipment.

Order inflows during the quarter exceeded Rs 200 crore. These included a Rs 66.75 crore contract from Container Corporation of India Limited for 25 loaded reach stackers, and defence orders worth approximately Rs 110 crore from the Indian Army and Indian Air Force for around 170 specialised military cranes. The company also secured an operation and maintenance contract valued at over Rs 30 crore from CONCOR for a period of three to five years, signalling its re-entry into the O&M segment. The overall order pipeline remains above Rs 400 crore, supported by enquiries generated at EXCON and continued traction across defence, ports, logistics and infrastructure.

Alok Kumar Tripathi, President, TIL Limited, stated that Q3FY26 performance improved sequentially and that the response to new product launches, along with landmark order wins, provides strong execution visibility for Q4FY26 and FY27. With margin recovery underway and order book strength improving, the company expects enhanced performance in the coming quarter driven by order conversion and operational efficiencies.