Tolins Tyres Ltd — earnings calls

Tolins Tyres reported FY26 consolidated revenue of INR327.12 crores, up about 12% year-on-year, while EBITDA declined to INR47.8 crores from INR57.91 crores in FY25, with EBITDA margin at 14.6%. Management attributed margin pressure to a GST rate mismatch between new tyres and retreading materials, volatility in raw material prices, and elongated receivable cycles amid geopolitical uncertainty in West Asia. Tyre production volumes grew 36% year-on-year even as revenue growth was slower, and management said Ras Al Khaimah plant utilization remained below 50% due to market conditions.