TIL Limited Announces Robust Q1FY25 Results After Management Overhaul

TIL Limited, a prominent Indian material handling and infrastructure equipment manufacturer, revealed strong Q1FY25 results. Following a ₹120 crore investment by Gainwell Group and a new six-member board led by Sunil Kumar Chaturvedi, the company reported significant improvements in revenue, EBITDA, and net worth, signaling a major turnaround.

TIL Limited (NSE: TIL), a leading manufacturer of material handling and infrastructure equipment in India, has announced its Q1FY25 results, showing impressive financial improvements.

After a ₹120 crore investment from Gainwell Group through Indocrest Defence Solutions Private Limited, and a new board of directors led by Sunil Kumar Chaturvedi, the company experienced a substantial rise in revenue and EBITDA.

Sunil Kumar Chaturvedi, Chairman and Managing Director of TIL Limited, attributed the success to the company's hardworking teams and customer trust, highlighting future growth plans and a positive market environment amid India's infrastructure boom.

(With inputs from agencies.)