Mumbai, India – February 11, 2025 – Tembo Global Industries Limited (NSE: TEMBO) has announced its unaudited financial results for the third quarter and nine months ended December 31, 2024, highlighting robust revenue growth and profitability. The company also declared an interim dividend and appointed a new Company Secretary and Compliance Officer.
Key Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 13,222.52 | 16,384.57 | 11,257.59 | 42,448.04 | 30,156.12 | 43,207.85 |
| Other Income | 440.16 | 908.54 | 298.59 | 1,480.76 | 307.82 | 742.62 |
| Total Income | 13,662.67 | 17,293.11 | 11,556.19 | 43,928.79 | 30,463.94 | 43,950.46 |
| Total Expenses | 12,634.99 | 15,396.70 | 10,983.53 | 40,279.79 | 29,031.44 | 42,095.64 |
| Profit Before Tax | 1,027.68 | 1,896.41 | 572.66 | 3,649.00 | 1,432.50 | 1,854.82 |
| Tax Expense | (240.21) | (484.87) | (150.14) | (922.03) | (367.19) | (473.53) |
| Net Profit | 786.88 | 1,404.21 | 429.76 | 2,728.41 | 1,072.55 | 1,386.08 |
| Earnings Per Share | 7.09 | 12.65 | 3.87 | 24.55 | 9.66 | 12.39 |
Profitability: Net profit surged 83.1% YoY in Q3 FY25, reaching ₹786.88 lakhs. Earnings per share (EPS) rose from ₹3.87 in Q3 FY24 to ₹7.09 in Q3 FY25.
Segment-Wise Performance
| Segment | Q3 FY25 Revenue (₹ Lakhs) | 9M FY25 Revenue (₹ Lakhs) |
|---|---|---|
| Manufacturing & Trading of Engineering Products | 9,750.60 | 21,038.98 |
| Trading of Fabrics & Textile Materials | 8,391.57 | 22,889.82 |
| Total Revenue | 13,662.67 | 43,928.79 |
- Engineering Products revenue increased significantly, indicating strong demand for industrial solutions.
- Textile Trading remained a steady contributor to overall revenue.
Interim Dividend Declaration
The Board of Directors has declared an interim dividend of ₹1 per share (10%) for FY25. The record date is set for February 14, 2025, and the dividend will be disbursed within 30 days.Corporate Announcements
- Appointment of Mr. Kiran Mukadam as Company Secretary & Compliance Officer
- Brings 15+ years of experience in corporate and industrial laws, HR, and legal compliance.
- Previously worked with Hercules Hoists Limited, IonBoard Coatings Private Limited, MRV Associates, and Makkees Legal.
- Preferential Share Issuance & Warrant Allotment
- 19.79 lakh equity shares issued at ₹285 per share, raising ₹56.40 crore.
- 8.10 lakh share warrants allotted to promoters at ₹285 per warrant.
- Acquisition of 75% Stake in Tembo PES JV Pvt Ltd
- Strengthening presence in trading operations.
- Acquisition valued at ₹5 crore.
Strategic Outlook
- Expansion in Engineering Products: Focus on scaling up manufacturing capabilities to meet growing demand.
- Diversification into New Markets: Exploring overseas expansion and acquisitions.
- Strengthening Corporate Governance: Appointment of experienced professionals like Mr. Kiran Mukadamsignals a strong compliance framework.