Industrial robot maker Tesvel grows revenue 89% to 1.4 billion rubles

Russian industrial robot maker Tesvel earned 1.359 billion rubles in revenue in 2025. That is 89.4% more than a year earlier, when the company reported 717.7 million. Net profit grew far more modestly: by 35.8%, from 53.4 million to 72.6 million rubles. TAdviser obtained the figures from the company's financial statements in October 2026.

Growth of nearly 100% in a single year is rare even in expanding markets. For an industrial robotics manufacturer, it means the company did not just hold its position but noticeably increased the volume of shipments or projects. The source itself describes Tesvel as a player in automation and robotics, a line of business the company has pursued since at least early 2023.

Key figures from the financial statements

In absolute terms, revenue grew by about 641 million rubles. Profit over the same period rose by only 19.2 million. Key indicators:

• 2025 revenue: 1.359 billion rubles (+89.4%);
• 2024 revenue: 717.7 million rubles;
• 2025 net profit: 72.6 million rubles (+35.8%);
• 2024 net profit: 53.4 million rubles;
• net margin: about 5.3%, versus 7.4% a year earlier.

The company stayed profitable, which is an important sign. Fast-growing equipment makers often slip into losses as they buy components, add staff and launch new production lines. Tesvel avoided that.

Why profit lagged behind revenue

Margin fell by about two percentage points. Each additional ruble of revenue brought the company about three kopecks of net profit. The statements do not explain why, so only hypotheses remain. These are the most plausible:

1. Rapid growth required costly purchases of components and expansion of production. 2. Large contracts may have been signed at a discount in exchange for volume. 3. The share of integration projects, which have lower margins than sales of the robots themselves, increased. 4. Borrowing costs rose amid a high key interest rate.

Public data does not show which explanation is correct. Several factors may be at work at once.

The context for the growth is clear. After a number of foreign suppliers left or scaled back their presence, Russian factories are looking for domestic automation solutions, and the government supports the robotization of industry. But the statements alone cannot show how much of Tesvel's revenue came from this demand and how much from other sources.

What to check next

For anyone evaluating the company as a supplier, partner or investment, the revenue line alone is not enough. It is more useful to find out the following:

• the revenue structure: the company's own robots, integration, service and maintenance;
• the share of imported components in its products and the resilience of its supply chains;
• production capacity utilization and the order backlog for 2026;
• revenue concentration: how much comes from the three largest customers;
• margin trends in the first-half 2026 statements, if they are published.

Factories planning to buy robots should ask the supplier for references on real deployments and for service support terms. A growth rate of 89% shows demand, but it does not guarantee the quality of integration or how quickly service responds as the company scales.

The main question for the coming year is whether Tesvel can bring profitability back to its 2024 level without losing its pace. If it can, that would be a strong signal for the entire Russian industrial robotics market.