TIL Limited, a major player in India’s material handling and infrastructure equipment manufacturing sector, has reported a landmark performance for Q4 and FY25, achieving a substantial turnaround after years of losses. The company’s robust financial performance, coupled with strategic leadership changes, reflects a strong foundation for future growth.

Strong Financial Turnaround in FY25

TIL Limited posted total annual revenue of ₹343.1 crore in FY25, reflecting a massive 398% year-on-year growth compared to ₹68.9 crore in FY24. This significant increase was largely attributed to strategic operational shifts, post its acquisition by the Gainwell Group in January 2024.

The EBITDA for FY25 stood at ₹40.2 crore, translating to an EBITDA margin of 11.7%, which is the highest EBITDA figure in the past six years. The company also recorded a PAT (Profit After Tax) of ₹2.9 crore, successfully returning to profitability after six consecutive years of losses.

In Q4 FY25 alone, the company registered a 240% YoY growth in revenue at ₹110.9 crore, compared to ₹32.6 crore in Q4 FY24. On a quarter-on-quarter basis, revenue surged by 34% from ₹83 crore in Q3 FY25.

Q4 FY25 EBITDA stood at ₹21.5 crore, with an impressive EBITDA margin of 19.4%, indicating robust operational efficiency.

Milestone Achievements

FY25 has been described as a transformational year for the company with multiple record-breaking achievements:

• Highest revenue in the last 5 years

• Highest EBITDA in the last 6 years

• Positive EPS and EBITDA% for the first time in 6 years

• Second-highest machine production in a decade

These numbers clearly reflect the company’s strong comeback, demonstrating operational excellence, customer trust, and market leadership.

Leadership Insights on Performance

Sunil Kumar Chaturvedi, Chairman & Managing Director, expressed confidence in the strategy, highlighting the importance of corporate governance, management capability, and aftermarket infrastructure. He said:

"This transformational year has witnessed unprecedented growth across our business metrics, driven by new management capabilities, strengthened international partnerships, facility upgrades, and a robust aftermarket support system."

Alok Kumar Tripathi, President of TIL Limited, emphasized the importance of customer loyalty and operational efficiency. He credited the successful closure of pending orders, a healthy order book, and increased aftermarket outreach to more than 200 customers through free machine inspections.

Product Launches & Portfolio Expansion

TIL’s diverse and evolving product portfolio includes:

• Indigenous TIL Range

• Manitowoc Cranes (in collaboration with Grove Worldwide and Manitowoc Crane Group)

• Hyster-TIL Range (developed with Hyster®, a division of Hyster-Yale Group, Inc.)

• Snorkel Aerial Work Platforms and Telehandlers

New product rollouts in FY25 included:

• Launch of N80 articulating crane

• Introduction of Snorkel A62JRT to India’s aerial platform market

• Launch of Hyster-TIL high-capacity forklift trucks

• Launch of Empty Container Handlers

• Rollout of the 400th Hyster-TIL ReachStacker from the Kharagpur plant

These developments signify TIL’s commitment to innovation and Make in India initiative, while bolstering its market reach and manufacturing capabilities.

Aftermarket & Customer Engagement

In FY25, TIL invested heavily in aftermarket support, reaching over 200+ customers with initiatives such as:

• Free machine inspections

• Enhanced spare parts availability

• On-site servicing capabilities

• Strengthened partnerships with global brands like Hyster®

These measures were pivotal in enhancing customer satisfaction, reducing equipment downtime, and improving product lifecycle support.

Participation at Bauma CONEXPO India

TIL marked its return to Bauma CONEXPO India after an 8-year hiatus, under the Gainwell Group banner, showcasing its commitment to the Make in India initiative and highlighting its technological capabilities.

This event served as a launchpad for new products and helped amplify TIL’s visibility in global and domestic markets. The company presented its latest innovations to a broad audience and networked with key stakeholders in the construction and infrastructure equipment sectors.

Strategic Acquisition by Gainwell Group

The Gainwell Group acquisition in January 2024 has been a pivotal moment in TIL’s history. This strategic move brought:

• New leadership and management practices

• Financial restructuring and stability

• Synergies between TIL’s legacy manufacturing experience and Gainwell’s strategic direction

• Renewed focus on corporate governance and operational discipline

This acquisition was crucial in driving financial recovery, boosting production capacity, and enabling new product development.

Manufacturing Growth and Market Expansion

FY25 also saw a substantial increase in production and machine sales, with TIL achieving the second-highest number of machines manufactured and sold in the last 10 years.

The company plans to expand further by:

• Investing in R&D and tech upgrades

• Targeting export markets

• Enhancing manufacturing infrastructure at its Kharagpur plant

• Continuing collaborations with global brands

Outlook for FY26 and Beyond

Building on its robust performance in FY25, TIL is focused on:

• Innovative product pipelines

• Strengthening global and domestic partnerships

• Expanding its market share in India’s growing infrastructure sector

• Enhancing its aftermarket network and customer service capabilities

With a healthy order book, new product introductions, and strategic direction, TIL aims for sustainable growth and market leadership in FY26 and beyond.

Conclusion

TIL Limited’s Q4FY25 and FY25 results are a testament to its successful strategic overhaul, product innovation, and strong execution capabilities post-acquisition by the Gainwell Group. With a clear growth roadmap, the company is well-positioned to leverage India’s expanding infrastructure needs and deliver long-term shareholder value.

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