Material handling equipment maker TIL Limited reported a more than two-and-a-half-fold rise in consolidated revenue for the September 2026 quarter, helped by the consolidation of its newly acquired gas compressor business, while its net loss narrowed sharply from a year earlier. Consolidated revenue from operations rose 146.5% to ₹192.93 crore in the second quarter, from ₹78.27 crore in the same period last year. Total income, including other income, rose 142.8% to ₹197.79 crore from ₹81.45 crore.
The consolidated net loss for the quarter was ₹1.31 crore, against ₹7.73 crore a year earlier, a reduction of 83.1%. The loss attributable to owners of the company was ₹1.49 crore, down 80.7% from ₹7.73 crore, with non-controlling interests accounting for a profit of ₹0.18 crore. Loss before tax narrowed 85.9% to ₹1.30 crore from ₹9.24 crore. Total comprehensive loss was ₹1.33 crore against ₹7.66 crore, and loss per share improved to ₹0.17 from ₹1.36. Sequentially, revenue grew 64.7% from ₹117.13 crore in the June quarter, while the net loss shrank 76% from ₹5.45 crore.
For the first half of FY27, consolidated revenue from operations rose 119.6% to ₹310.06 crore from ₹141.18 crore a year earlier, and total income rose 107.2% to ₹315.24 crore from ₹152.16 crore. The half-year net loss narrowed 51.5% to ₹6.76 crore from ₹13.95 crore. The loss attributable to owners fell 45.2% to ₹7.64 crore, and loss before tax narrowed 55.9% to ₹8.61 crore from ₹19.53 crore. Loss per share for the half year was ₹0.86, against ₹2.45 in the year-ago period. Total comprehensive loss was ₹6.84 crore, against ₹13.84 crore.
The revenue surge is largely due to the company's acquisition of a 60% stake in Tulip Compression Private Limited, which became a subsidiary with effect from May 8, 2026. TIL paid ₹119.01 crore to Gainwell Commosales Private Limited for the 37,90,250 shares, following shareholder approval at an extraordinary general meeting on March 14. The new "Packaging, Erection, Commissioning and O&M of Gas Compressors" segment contributed ₹92.27 crore of revenue in the September quarter and ₹130.79 crore in the half year, with segment profits of ₹0.82 crore and ₹3.15 crore respectively. The subsidiary's auditors reported a net profit after tax of ₹0.45 crore for the quarter and ₹2.19 crore for the half year.
The legacy Material Handling Solution business also grew. Segment revenue rose 28.6% to ₹100.66 crore in the quarter from ₹78.27 crore, and 27.0% to ₹179.27 crore in the half year from ₹141.18 crore. The segment's loss before tax narrowed 44.8% to ₹6.85 crore in the quarter from ₹12.42 crore. For the half year it narrowed to ₹16.81 crore from ₹30.51 crore. On a standalone basis, quarterly revenue was ₹100.66 crore, up 28.6%, and total income rose 29.6% to ₹105.52 crore. The standalone net loss fell 77.9% to ₹1.71 crore from ₹7.72 crore, and the half-year standalone loss narrowed 36.4% to ₹8.87 crore from ₹13.94 crore.
Costs rose in line with the larger operating base. Consolidated total expenses grew 119.4% to ₹198.96 crore in the quarter. Cost of materials consumed rose 123.8% to ₹108.86 crore, and employee benefit expense rose 56.9% to ₹19.47 crore. Other income rose 52.8% to ₹4.86 crore from ₹3.18 crore.