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Profit before tax stood at Rs 67.31 crore in the fourth quarter of FY26, down 45.77% from Rs 124.12 crore posted in the same period a year ago.
Total expenses increased 18.48% to Rs 496.95 crore in Q4 FY26 from Rs 419.45 crore reported in Q4 FY25. The cost of materials consumed stood at Rs 221.44 crore (up 29.26% YoY), while employee benefit expenses rose 11.67% YoY to Rs 71.47 crore. Finance costs declined 27.9% YoY to Rs 5.09 crore during the quarter.
On a full-year basis, the company’s consolidated net profit declined 28.72% to Rs 142.65 crore on a 3.25% increase in revenue from operations to Rs 1,691.94 crore in FY26 over FY25.
Meanwhile, the board of directors has recommended a final dividend of Rs 2 per equity share of face value Rs 10 each for FY26, subject to shareholders’ approval at the company’s 50th Annual General Meeting, scheduled to be held on 24 September 2026. The record date for determining shareholders eligible to receive the final dividend has been fixed as 14 September 2026.
Tega Industries is engaged in the activity of designing, manufacturing, and installing process equipment and accessories to cater to the mineral processing, mining, material handling, and environmental industries.
Shares of Tega Industries rose 7.40% to Rs 1,718 on the BSE.
For the full year,net profit declined 28.72% to Rs 142.65 crore in the year ended March 2026 as against Rs 200.12 crore during the previous year ended March 2025. Sales rose 3.25% to Rs 1691.94 crore in the year ended March 2026 as against Rs 1638.65 crore during the previous year ended March 2025.
Tega Solutions has been established to provide management consultancy services and to operate as a Global Capability Centre (GCC), including functioning as a global cost centre for group entities.
TSL is incorporated as a wholly owned subsidiary of the company and is therefore a related party of the company and its other subsidiaries. The subsidiary has an authorised share capital of Rs 100 crore and a paid-up share capital of Rs 99 crore, subscribed in cash.
The company reported a 63.7% decline in consolidated net profit to Rs 19.71 crore in Q4 FY26, on a 1.4% decrease in revenue from operations to Rs 403.71 crore compared with Q4 FY25.
The counter shed 0.87% to Rs 1,724.15 on the BSE.
The object of incorporation is to carry on the business of providing all kinds of management consultancy services and to act as a Global Capability Centre including Global Cost Centre for entities.
Consequent to the said allotment, the paid-up equity share capital of the Company stands increased from Rs. 6,65,35,4920 (6,65,35,492 fully paid equity shares of Rs. 10/- each) to Rs. 75,12,76,980 (7,51,27,698 fully paid equity shares of Rs. 10/- each), ranking pari-passu, in all respects with the existing equity shares of the Company.
Tega Industries has entered into a definitive agreement with an affiliate of funds managed by American Industrial Partners (AIP) to acquire Molycop, a leading global supplier of grinding media for the mining industry, alongside funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO). The company has also announced the successful completion of its fundraise by way of a preferential issue of equity shares.
On 10 September 2025, Tega Industries Limited, in consortium with funds managed by affiliates of Apollo (NYSE: APO), entered into a term sheet to acquire Molycop at an enterprise value of approx. USD 1.48 billion. The parties have executed a definitive agreement to acquire Molycop with an enterprise value of approx. USD 1.45 billion.
Tega will become a leading player in the sector at a time when mineral demand is poised to grow exponentially, upon completion of the acquisition. The completion of the transaction is subject to customary closing conditions, including receipt of required regulatory approvals.
Upon closing of the transaction, Tega will operate an extensive manufacturing platform comprising 26 manufacturing facilities across the globe, gain access to an expanded customer base, and be able to offer a comprehensive bouquet of solutions to its customers.
The Company has raised approx. Rs 1,713 crore. After having obtained all requisite approvals, the allotment of equity shares of face value Rs 10 each is at an issue price of Rs 1,994 per equity share (including a premium of Rs 1,984). This fundraise was notable as it witnessed a very strong response from marquee domestic institutional investors and HNIs.