Tube Investments of India Q1FY26 Revenue Grows 2.37% YoY to ₹2,006.60 Cr; Net Profit Climbs to ₹168 Cr

Chennai, August 1, 2025 — Tube Investments of India Ltd (NSE: TIINDIA) reported a 2.37% YoY rise in standalone revenue to ₹2,006.60 crore and an 8.83% increase in net profit to ₹168.09 crore in Q1FY26, driven by steady performance across core segments.

Financial Snapshot

In Q1FY26, Tube Investments of India Ltd delivered a stable financial performance. On a standalone basis, the company recorded revenue from operations of ₹2,006.60 crore, reflecting a 2.37% year-on-year (YoY) growth and a 2.52% increase sequentially.

Standalone net profit stood at ₹168.09 crore, marking an 8.83% YoY rise, although down 79.34% quarter-on-quarter (QoQ). It is important to note that the previous quarter’s (Q4FY25) profit included a one-time ₹569 crore fair value gain from CCPS revaluation, which was not present in Q1FY26.

On a consolidated basis, revenue grew robustly to ₹5,309.06 crore, up 15.95% YoY and 3.09% QoQ. Consolidated net profit came in at ₹303.19 crore, down slightly by 4.30% YoY but significantly up by 91.62% QoQ, reflecting strong operational improvements and better subsidiary performance.

Financial Ratios (Consolidated)

Tube Investments of India Ltd showcased strong financial health with a net worth of ₹8,058.11 crore, a low debt-equity ratio of 0.05, and a solid interest coverage of 24.01. The company maintained healthy liquidity (current ratio of 1.67) and steady profitability with 10% operating and 6% net profit margins.

It also issued ₹100 crore in commercial papers for working capital needs, with no outstanding redeemable preference shares.

Management Commentary

“Our core businesses continued to perform steadily. The Mobility and Metal Formed Products divisions delivered strong year-on-year growth, and we’re focused on driving long-term value across our diversified portfolio,” said Mukesh Ahuja, Managing Director, Tube Investments of India.

Stock Performance

On August 1, shares of Tube Investments of India Ltd closed at ₹2,783.90, down 2.00% or ₹56.80 for the day, after opening at ₹2,846.90 and hitting an intraday low of ₹2,772.00. The stock has plummeted by more than 16.50% in the past six months. The company’s P/E ratio of 81.60 is quite higher than the industrial average of 35.90.

Company Overview

Tube Investments of India Ltd (NSE: TIINDIA, BSE: 540762), part of the Murugappa Group, is a leading player in engineering, metal-formed products, bicycles, mobility solutions, and electric vehicles. It owns controlling stakes in CG Power, Shanthi Gears, and TICMPL. The company has a paid-up equity capital of ₹19.35 crore and continues to expand its reach in emerging areas such as semiconductors and medical technology.

REF: https://nsearchives.nseindia.com/corporate/TIINDIA_01082025141454_TIINSEBSEFinancialResultpressRelease.pdf

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