UpdatesCompany Update
Tinna Rubber and Infrastructure released its Q1 Investor & Earnings Presentation, detailing operational and financial performance.
Tinna Rubber and Infrastructure Ltd530475 · Filed with the exchange
Consolidated operational income reached INR 130.3 Cr, with EBITDA at INR 20.8 Cr and PAT at INR 11.7 Cr.
Strategically, the company successfully raised approximately INR 78.7 Cr through a QIP, allocating INR 23 Cr for debt reduction.
Tinna also monetized INR 5.6 Cr of non-core assets and completed INR 13 Cr in Q1 capex.
International expansion is progressing with a planned 24,000 MT tyre recycling plant in Saudi Arabia and initial operations in South Africa.
The Oman plant contributed about $1 Million in revenue.
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