Tinna Rubber Q1 profit surges 75% on volume growth
Consolidated net profit jumps to ₹20.6 crore; standalone profit up 83%. New Varale plant yet to contribute.
— 4 earlier stories on Tinna Rubber And Infrastructure Ltd. →What's new
- Revenue rose 20% to ₹156.2 crore, led by crumb rubber and modified bitumen volumes.
- Standalone profit up 83% to ₹20.1 crore.
- AGM scheduled for September 15, 2026, via video conferencing.
Why this matters
Profit grew much faster than revenue, a strong signal for profitability. The new Varale plant, which started dispatches in June, has yet to contribute fully, leaving room for further gains.
What we're watching
- Volume ramp-up from the new Varale plant.
- Progress toward the ₹1,000 crore FY29 target.
- Any update on the South Africa JV.
The full read
Tinna Rubber delivered a strong Q1: consolidated net profit surged 75% to ₹20.6 crore on revenue of ₹156.2 crore — up 20%. Standalone profit was even better at ₹20.1 crore, up 83%. The jump came from volume growth in crumb rubber and modified bitumen, not pricing. The new Varale plant, which dispatched its first batch in June, hasn't fully kicked in yet. Not yet. That pipeline should support the company's ₹1,000 crore FY29 revenue target, even after the two-year delay. For a stock trading at 31x trailing earnings with a 27% ROE, the earnings trajectory matters more than the multiple. This quarter keeps the story on track.
Questions answered
- How did Q1 FY27 compare to the previous quarter (Mar 2026)?
- Sales were nearly flat at ₹156.2 crore vs ₹157 crore in Mar 2026, but net profit rose to ₹20.6 crore from ₹17 crore, showing better cost control.
- What drove the strong revenue growth?
- Revenue grew 20% YoY to ₹156.2 crore, driven by higher volumes in crumb rubber and modified bitumen segments.
- Is the profit surge sustainable?
- The company's standalone profit margin improved sharply. With the new Varale plant expected to add ₹50-55 crore annually, further growth seems likely, but volume trends will be decisive.
- What is the AGM date and mode?
- The 39th AGM is scheduled for September 15, 2026, to be held via video conferencing.
- How does the current valuation look?
- At a P/E of 31.4 and ROE of 27.1%, the stock trades at a premium that the earnings momentum may justify if growth continues.
Tinna Rubber And Infrastructure Ltd.
Latest quarter · Jun 2026
Strength & growth
Story so far
All notes on TINNARUBR →- 20 Jul 2026 · 2:14 PM IST Tinna Rubber Q1 profit surges 75% on volume growth
- 36d ago Tinna Rubber dispatches first batch from new Varale plant
- 64d ago Tinna Rubber pushes ₹1,000 cr revenue target to FY29, delays South Africa JV
- 67d ago Tinna Rubber posts 26% profit jump on 5.6% revenue growth
- 67d ago Tinna Rubber's profit climbs 26% on ₹533 cr revenue