Tinna Rubber and Infrastructure reports a strong Q2 performance with revenue hitting Rs 156.59 crore. The company is expanding globally by incorporating a new subsidiary in Chile while managing a land dispute at its Panipat facility.
Tinna Rubber Q2 Revenue Hits Rs 156.59 Crore
Net Profit Climbs to Rs 17.04 Crore for the Quarter
Reader Takeaway: Strong revenue growth and international expansion offset by land acquisition issues at the Panipat plant site.
What just happened
Tinna Rubber and Infrastructure Limited announced its consolidated financial results for the quarter ended September 30, 2026. The company reported a significant year-on-year increase in revenue, which climbed to Rs 156.59 crore from Rs 119.52 crore in the same quarter last year. Net profit followed a similar trajectory, rising to Rs 17.04 crore compared to Rs 11.77 crore in Q2 FY26. For the half-year period, the company recorded a consolidated profit of Rs 37.61 crore.
Why this matters
The company is aggressively pursuing global expansion to secure its raw material supply chain. It recently incorporated 'Tinna Rubber Chile SpA' as a wholly-owned subsidiary. This unit is tasked with strengthening the procurement of end-of-life tyres, plastic waste, and scrap, signaling a strategic focus on scaling international operations.
Risks to watch
Investors should closely track the situation at the company's Panipat plant. Following the Supreme Court's dismissal of a curative petition regarding land acquisition, the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has raised a demand of Rs 3.73 crore. Management is currently assessing plant relocation plans and anticipates state-sanctioned compensation. While the company stated that this is not materially significant, potential relocation costs remain a point of interest.
Context metrics
The company’s performance reflects a solid half-year trajectory with net profits of Rs 37.61 crore against Rs 23.51 crore in the first half of the previous fiscal year. However, investors should note a minor dip in net profit on a sequential basis, moving from Rs 20.57 crore in Q1 FY27 to Rs 17.04 crore in the current quarter.
What to track next
Watch for updates on the capital infusion for the Chilean subsidiary and any formal announcements regarding the relocation timeline and compensation details for the Panipat site.