Tega Industries Limited — Investor Meet, 19-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Tega Industries reported 9M FY26 revenue of ₹1,210.3 Cr (+6% YoY) and EBITDA of ₹216.1 Cr (18% margin). Excluding one-time Molycop and labor code charges (~₹45-50 Cr), EBITDA margins would top 20%. Q3 faced muted growth and lower margins due to these one-offs and consumable volume shifts. The Molycop acquisition stake increased to 84%, financed via equity, debt, and internal accruals; transaction close expected by March-end, with potential spillover. Order book is robust at ₹1,114.02 Cr (₹810.2 Cr executable in 12 months), providing strong visibility. Management is cautiously optimistic, projecting high single-digit consumables growth and 28-30% equipment growth for FY26, supported by strong copper and gold demand.