Tilaknagar Industries Boosts Profitability with ₹130.9 Million Maharashtra Subsidy

Tilaknagar Industries Ltd (NSE: TI, BSE: 507205) has received a ₹130.9 million subsidy from the Maharashtra government, further strengthening its financial position. This subsidy, part of the state's industrial promotion scheme, comes as the company continues its impressive turnaround. In Q3 FY25, Tilaknagar reported a 17.4% YoY EBITDA growth to ₹60 crore, with margins expanding to 17.7%. The company's strategic moves, including debt reduction and market share expansion in key states, have positioned it for sustained growth. With a net cash position of ₹31 crore as of December 2024, Tilaknagar is well-equipped to capitalize on the growing Indian spirits market.

 

Sources: NSE, BSE, Tilaknagar Industries Investor Relations