Stock skyrockets 13% after reporting 651% QoQ increase in net profits

This small-cap stock is engaged in the designing and manufacturing of critical-to-operate consumables for the mining, mineral processing, and material handling industries, skyrockets 13.20 percent after reporting strong December quarterly results with a net profit increase of 651.39 percent QoQ.

Stock Price Movement

In Wednesday’s trading session, Tega Industries Limited’s share reached an intraday high of Rs. 1,733.65 per equity share, rising 13.20 percent from its previous day’s close price of Rs. 1,531.45. The stock opened at Rs. 1,548.45 and is currently trading at Rs. 1,635.30. The market capitalization now stands at approximately Rs. 10,880.55 crore.

Q3 FY25 Result Walkthrough

Coming into the quarterly results of Tega Industries Limited, the company’s consolidated revenue from operations increased by 20.30 percent YOY, from Rs. 340.20 crore in Q3 FY24 to Rs. 409.27 crore in Q3 FY25, and grew by 15.84 percent QoQ from Rs. 353.30 crore in Q2 FY25.

The company generated segment revenue of 86.67 percent (Rs. 355.64 crores) from consumables and 13.33 percent (Rs. 54.71 crores) from equipment in Q3 FY25.

In Q3 FY25, Tega Industries Limited’s consolidated net profit increased by 52.30 percent YOY, reaching Rs. 54.25 crore compared to Rs. 35.62 crore during the same period last year. As compared to Q2 FY25, the net profit has increased by 651.39 percent, from Rs. 7.22 crore.

The basic earnings per share increased by 52.05 percent and stood at Rs 8.15 as against Rs 5.36 recorded in the same quarter in the previous year 2024.

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Products offering

The company offers a wide range of industrial products across two divisions. The first division provides mill liners, hydrocyclones, screens, trommels, and conveyor products, along with plant audits and maintenance services. 

Additionally, the second division, Tega McNally Minerals, focuses on heavy equipment like crushers, thickeners, centrifuges, flotation cells, and sand-washing plants, specializing in mineral processing and material handling.

Global presence and manufacturing capabilities

The company has a strong global presence with operations in Chile (2011), South Africa (2006), and Australia (2010), focusing on mill liners, screens, and chute liners. Domestically, they operate three facilities in Dahej (Gujarat), Kolkata (West Bengal), and Kalyani (West Bengal), specializing in mill liners, wear products, hydrocyclones, and conveyor systems. 

Tega McNally Minerals has four more units across Vadodara, Bangalore, Asansol, and Kumardubi, producing crushers, thickeners, flotation cells, and mills. This extensive network supports both global and domestic markets efficiently.

Business Operations

Tega Industries Limited operates 10 manufacturing plants and 3 R&D facilities, employing over 1,059 people. It has a strong presence in more than 92 countries and serves over 700 customers worldwide. With 4 successful acquisitions, the company continues to expand its reach and strengthen its position in the global market.

Written By – Nikhil Naik

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