Shares of Tilaknagar Industries Ltd were trading at Rs 476.80, down 6.15% in Friday’s session, November 14, after the company posted a mixed set of Q2 FY26 results.
The IMFL manufacturer reported a net profit of Rs 52.6 crore, a 9.6% decline from Rs 58.2 crore in the same quarter last year. Revenue from operations, however, recorded steady growth at Rs 398.3 crore, up 6.2% from Rs 374.9 crore in Q2 FY25.
EBITDA for the quarter stood at Rs 60 crore, down 8.4% from Rs 65.7 crore, with the operating margin narrowing to 15% compared to 17.5% a year earlier. Consolidated volumes rose 16.2% YoY to 34.2 lakh cases, and net sales realisation improved to Rs 1,215 per case from Rs 1,193 in the previous quarter.
For the first half of FY26, volumes reached 66.2 lakh cases, up 21% YoY, while consolidated net revenue grew 17.4% to Rs 807 crore. EBITDA for H1 FY26 came in at Rs 155 crore, with a margin of 19.2% (15.1% subsidy-adjusted). PAT for the period stood at Rs 141 crore, with diluted EPS at Rs 7.21.
Shares reacted negatively to the decline in profit and margins despite healthy volume and revenue growth.
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