TIL Limited Acquires Clean Energy Firm as FY26 Recovery Builds
TIL Limited reported FY26 operational income of ₹323.25 crore and entered FY27 with an order book of approximately ₹274 crore. The board approved the acquisition of Tulip Compression Private Limited, opening a new clean energy manufacturing vertical.
TIL Limited, India's leading material handling and infrastructure equipment manufacturer listed on the NSE, announced its Q4 FY26 and full-year financial results on May 29, 2026. The Kolkata-based company has been navigating a challenging period marked by financing costs, currency pressures, and one-time settlement expenses, but reported a material improvement in core machine sales during the second half of FY26.
FY26 total revenue was ₹337.36 crore, a marginal decline from ₹343.07 crore in FY25, primarily due to a 49% fall in other income. Operational income grew to ₹323.25 crore from ₹315.28 crore. Q4 FY26 EBITDA was ₹10.38 crore. The company recorded a full-year PAT loss of ₹30.86 crore, with a one-time dispute settlement expense of ₹5.58 crore weighing on the result. EBITDA margin expanded sequentially across consecutive quarters in the second half.
The board-approved acquisition of Tulip Compression Private Limited marks a pivotal strategic pivot toward clean energy manufacturing, aligning TIL with India's growing infrastructure needs in gas compression, energy transition, and industrial decarbonisation. This move is among the more significant ESG-aligned corporate actions disclosed this quarter by an Indian capital goods manufacturer, with the clean energy vertical potentially reshaping TIL's revenue mix and emissions profile over the medium term.
Key figure — ₹274 crore (FY27 opening order book)
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