Tilaknagar Inds at new high

Tilaknagar Industries is the top gainer in the current lacklustre market currently. Opening 6.5% higher at Rs.310.25, the stock rose to hit a new 52-week high at Rs.344.80, up 18.5%.

The market is pretty upbeat with the company’s performance and more importantly, for achieving the net debt free status.

For Q2FY25, the company reported a 24% (YoY) jump in revenue at Rs.823 crore and highest-ever EBITDA of Rs.66 crore, up 39%, with EBITDA margins coming in at 17.6%, up 422bps.

The best part – PAT was up 82% at Rs.58 crore and it became net-debt free with net cash of Rs.25 crore.