Tinna Rubber and Infrastructure Q1 FY26 results (Apr–Jun 2025) and concall

Tinna Rubber reported a mixed Q1 FY26, with EBITDA growing 19% Q-o-Q and gross margins expanding by 344 basis points, driven by lower raw material costs and operational efficiency. The company successfully raised INR79 crores through a QIP, with funds earmarked for debt reduction, solar power expansion, and a new recovered carbon black plant. However, revenue remained flat Q-o-Q and declined 4% Y-o-Y, impacted by a slowdown in infrastructure and consumer segments and lower EPR contributions.