Tara Chand InfraLogistic Solutions Limited reported a steady performance in its Q4 results 2026, driven by strong growth in its equipment hiring and renewable energy-linked operations. The company posted a 10% year-on-year rise in revenue from operations to ₹895 million in the March 2026 quarter, compared to ₹816 million a year earlier.
EBITDA for the quarter climbed 23% to ₹316 million, while EBITDA margin improved sharply to 35.1% from 31.2% in Q4FY25, reflecting better operational efficiency and higher utilization of heavy equipment assets. Profit after tax increased 11% to ₹87 million, while earnings per share stood at ₹1.10.
For the full fiscal year, revenue from operations rose 15% to ₹2,848 million in FY26. Net profit grew 12% to ₹278 million, supported by strong demand across infrastructure, logistics, and renewable energy projects. The company maintained a fleet utilization rate of nearly 83% with a total fleet size of 427 asset units.
The equipment hiring and projects business remained the biggest growth driver, contributing 60% of total revenue in FY26. Revenue from the segment reached ₹1,700 million, while segment EBITDA margin expanded to 52%. Renewable energy projects contributed 15% of rental revenue, highlighting the company’s increasing exposure to India’s clean energy infrastructure push.
Tara Chand InfraLogistic Solutions also continued aggressive expansion through capital expenditure of ₹1,434 million in FY26, taking its gross block to ₹5,581 million. Despite higher borrowings, the company maintained a net debt-to-equity ratio of 0.9x, while interest coverage improved significantly to 10.3x.
Looking ahead, management has guided for 20%–25% annual revenue growth over the next three years and expects EBITDA margins to remain in the 37%–38% range as specialized fleet capacity expands further.
| Metric | Q4FY26 | Q4FY25 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | ₹895 Mn | ₹816 Mn | +10% |
| EBITDA | ₹316 Mn | ₹256 Mn | +23% |
| EBITDA Margin | 35.1% | 31.2% | +390 bps |
| Profit After Tax (PAT) | ₹87 Mn | ₹79 Mn | +11% |
| Earnings Per Share (EPS) | ₹1.10 | ₹1.00 | +10% |
| Cash PAT | ₹258 Mn | ₹212 Mn | +21% |
| Metric | FY26 Data |
|---|---|
| Total Revenue from Operations | ₹2,848 Mn |
| Full-Year PAT | ₹278 Mn |
| Total Fleet Size | 427 Asset Units |
| Fleet Utilization Rate | ~83% |
| Equipment Hiring Revenue Share | 60% |
| Warehousing & Transportation Share | 37% |
| Renewable Energy Contribution | 15% of Rental Revenue |
| Steel Volume Handled | 11.56 Million MT |
| Net Debt-to-Equity Ratio | 0.9x |
| Interest Coverage Ratio | 10.3x |
| Metric | Guidance / Target |
|---|---|
| Expected Revenue Growth | 20%–25% Annually |
| Target EBITDA Margin | 37%–38% |
| Planned FY27 CapEx | ₹800–₹1,000 Mn |
| FY26 Capital Expenditure | ₹1,434 Mn |
| Gross Block Size | ₹5,581 Mn |
| Cash & Cash Equivalents | ₹268 Mn |
| New Subsidiary | Tarachand Metallix Limited |
| Strategic Focus | Renewable Energy & Specialized Equipment |
Source: https://nsearchives.nseindia.com/corporate/TARACHAND_07052026145931_Investor_Presentation.pdf

