Tega Industries reported a weak performance for the fourth quarter, with net profit declining sharply by 58.3% year-on-year (YoY) to ₹42.5 crore compared to ₹102 crore in the corresponding quarter of the previous fiscal year.
The company’s revenue from operations also witnessed a marginal decline of 1.7% YoY, coming in at ₹527 crore against ₹536 crore reported in the year-ago period.
Operating performance remained under pressure during the quarter. EBITDA fell 60% YoY to ₹60 crore from ₹150 crore in the same quarter last year. The significant decline in operating earnings impacted profitability, with EBITDA margin narrowing to 11.4% compared to 28% in the corresponding quarter of the previous year.
Tega Industries is a leading global manufacturer and distributor of critical consumable products used in the mining, mineral processing, and material handling industries.
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