Tolins Tyres reported a strong Q3 FY26 with revenue soaring to 93.29 Cr, a robust ~34% year-on-year jump. This rebound was fueled by significant volume recovery in both retread and new tyre segments, as deferred Q2 demand converted into orders and customer sentiment improved. The agricultural segment, particularly its new tractor rear tyre range, saw encouraging traction. Overall, 9M FY26 revenue grew ~12% YoY to 249.13 Cr.
Strategically, the company is focused on expanding its presence in high-demand farm tyre categories, alongside distribution network expansion and deeper engagement with institutional clients. Recent developments include launching a new depot in Gujarat and securing a contract for Tamil Nadu State Transport Undertakings.
Key financial metrics show Q3 PAT at 10.49 Cr (down ~3.7% YoY), and 9M PAT at 26.75 Cr (down ~9% YoY), primarily due to margin pressures (Q3 EBITDA margin at 15.22% vs 18.07% YoY). Management is optimistic, citing strengthening demand visibility, a diversified customer base, and continued cost discipline. The company aims for sustained growth, margin stability, and operational efficiency, with plans to optimize capacity utilization to 75% and expand its product range.