Tinna Rubber & Infrastructure Ltd (BOM:530475)
₹ 1,017.6 -5.85 (-0.57%) Market Cap: 18.33 Bil Enterprise Value: 19.56 Bil PE Ratio: 29.26 PB Ratio: 6.10 GF Score: 79/100

Q2 2025 Tinna Rubber and Infrastructure Ltd Earnings Call Transcript

Nov 12, 2024 / 09:00AM GMT
Release Date Price: ₹1446.85 (-5.00%)

Key Points

Positve
  • Tinna Rubber & Infrastructure Ltd (BOM:530475) reported a strong financial performance with a 58% increase in revenue for H1 FY25, reaching INR 253 crores.
  • The company achieved a significant increase in tire processing volumes, with a 25% year-on-year growth in H1 FY25.
  • Exports grew by 75% in volume during H1 FY25, indicating a strong focus and success in international markets.
  • The company's credit rating was upgraded to investment grade, BBB- from BB, reflecting improved financial stability.
  • Tinna Rubber & Infrastructure Ltd (BOM:530475) has successfully implemented solar plants at its facilities, which will lead to savings in power costs from Q3 onwards.
Negative
  • The company faced challenges due to heavy and extended monsoon, which led to a decline in quarterly volumes.
  • There was a short supply of natural rubber, leading to increased raw material prices and impacting the tire and rubber industry.
  • Despite the revenue growth, the EBITDA margin was slightly lower when excluding EPR benefits, indicating pressure on core operational profitability.
  • The Hollywood propos business progress was slower than expected, although it has started contributing to revenues.
  • The company experienced an increase in trade receivables, which rose to INR 38.4 crores, indicating potential cash flow management challenges.
Operator

Ladies and gentlemen, welcome to the Q2 FY25 results conference call of Tina Rubber and Infrastructure Limited hosted by MK Global Financial Services.

As a reminder, all participant clients will be in the listen-only mode and there will be an opportunity for you to ask questions at the end of today's presentation.

Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your touchtone phone.

Please note that this conference is being recorded.

I would now like to hand the conference over to Mr Amit Lahoti from MK Global Financial Services. Thank you and over to you, sir.

Amit Lahoti
Emkay Global Financial Services - Moderator

Thanks Sagar. Good afternoon, everyone. I would like to welcome the management of Tarra and thank them for this opportunity we have with us today. Go of Sri joint managing director, Subo Kumar Sharma, director and CEO.

Oo.

Ravi Chada, Chief Financial Officer and Anu Karura, senior Vice President.

I shall now hand over

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