Tega Industries Ltd.Molycop closes; legacy EBITDA +42%

Tega Industries reported Q1 FY27 consolidated revenue of ₹17.2 bn, which includes only June of Molycop after the acquisition closed on 1 June, and adjusted EBITDA of ₹2.6 bn at a 15% margin before ₹1.9 bn of one-time acquisition and integration costs.

Legacy Tega revenue rose 21% and EBITDA 42% to ₹1 bn at a 22.1% margin, led by consumables revenue of ₹3.96 bn, up 36%, at a 24.1% EBITDA margin, while equipment revenue fell 44% to ₹0.36 bn on customer clearance delays. Molycop contributed ₹12.9 bn of revenue and ₹1.6 bn of EBITDA, about 13%, ahead of expectations. Provisional goodwill is about ₹50 bn, and Molycop net debt fell to $672.5 million from $1.0 bn. Management targets about $20 million of synergies in two to two and a half years, revenue synergies from Q3 to Q4, a Chile plant in March 2027, about 15% consumables growth and a roughly 15% consolidated EBITDA margin, while calling full-year conclusions premature.