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Tembo Global FY26 Revenue Rises 46.7% To Rs 10.9 Bn

2026-06-15

Tembo Global Industries announced its consolidated financial results for the financial year ended 31 March 2026, reporting strong growth across key business segments and strategic expansion areas.

The company’s revenue rose 46.7 per cent year-on-year to Rs 10.9 billion (bn) in FY26. EBITDA increased 55.4 per cent and profit after tax grew 79.7 per cent, supported by improved scale, operating leverage and disciplined execution.

Sanjay J Patel, Managing Director, Tembo Global Industries, said FY26 was a transformational year for the company, marked by strong financial performance, execution excellence and progress across its strategic growth pillars.

The Engineering Solutions segment remained the primary growth driver, led by demand from infrastructure-linked sectors such as oil and gas, marine, water and EPC. The company said its engineering business is expected to remain a major contributor to growth in FY27.

During the year, Tembo strengthened its international EPC credentials after qualifying as the L1 bidder for an offshore revamp project in Kuwait, valued at around Rs 3 bn. The project involves fire protection, marine equipment and integrated infrastructure systems.

The company’s order book stood at around Rs 15.48 bn, supported by an order bidding pipeline of over Rs 22.56 bn. Tembo is also pursuing opportunities worth more than Rs 7 bn in port construction and fuel farm systems, strengthening its EPC pipeline across civil, MEP and HVAC segments.

Tembo said its solar projects are progressing as planned, with all sites expected to become fully operational by the end of Q2 FY27. Commercial operations in the solar segment are scheduled to begin from Q3 FY27 and are expected to support the company’s diversified revenue base.

The company also made progress in defence manufacturing. Its subsidiary secured a Defence Manufacturing Licence from the Government of Maharashtra for a small arms facility, following its WEF 2025 MoU with MIDC. It also received a Government of India licence for ammunition manufacturing.

Tembo has entered into a non-disclosure agreement with a leading defence public sector undertaking to explore opportunities in indigenous design, development and production. The company said these milestones position it to participate in India’s defence indigenisation journey under Make in India and Atmanirbhar Bharat.

As of 31 March 2026, Tembo reported a debt-to-equity ratio of 0.77:1. Its return on capital employed stood at 18.4 per cent, while return on equity was 20.0 per cent, even as the company continued its capital expenditure phase.

Looking ahead, Tembo aims to achieve revenue of around Rs 16 bn in FY27, driven primarily by the engineering business. The company said it will focus on executing its order book, improving capacity utilisation and scaling its presence across engineering, EPC, defence and renewable energy businesses.

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