Tube Investments of India Limited (TII) is one of India’s leading manufacturers of a wide range of products for major industries such as Automotive, Railway, Construction, Mining, Agriculture, etc. The Company’s 3 main verticals are Engineering, Metal Formed Products and Bicycles. In line with its growth strategies, the Company has forayed into TMT bars and Truck Body Building business and is additionally exploring opportunities in optic lens and other vision systems for the Auto industry.
Q2 FY26 Earnings Results:
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Consolidated Revenue: ₹5,523 crore, up 12.1% YoY from ₹4,925 crore in Q2 FY25.
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Standalone Revenue: ₹2,119 crore, up 2.7% YoY from ₹2,065 crore.
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Profit Before Tax (PBT) standalone: ₹250 crore, up 11.5% YoY from ₹225 crore.
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Consolidated Profit Before Tax (PBT): ₹459 crore, up 7.7% YoY from ₹426 crore.
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Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) consolidated: ₹544 crore, up from ₹533 crore YoY.
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ROIC (annualized) stood at 44% for the quarter.
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Free cash flow of ₹183 crore generated during the quarter.
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Segment-wise: Engineering revenue ₹1,382 crore; Metal Formed Products ₹408 crore; Mobility ₹194 crore; Others ₹227 crore.
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CG Power and Industrial Solutions Ltd (subsidiary) revenue ₹2,923 crore, profit before tax ₹388 crore.
Management Commentary & Strategic Insights:
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Management highlighted steady revenue growth with strong performance in engineering and mobility segments.
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Focus remains on capitalizing demand in auto components, industrial and power sectors.
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Continued investments in capacity expansion, process improvements, and innovation to sustain growth.
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Maintaining strong cash flows and capital discipline.
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Outlook remains positive with expected volume growth in H2 FY26.
Q1 FY26 Earnings Results:
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Consolidated Revenue: ₹5,309 crore, up 15.9% YoY.
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PAT: ₹303 crore, down 3.3% YoY.
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PBT: ₹449 crore, down 3.2% YoY.
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EBITDA margin stable with growth in key segments.
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Strong demand recovery and operational efficiencies demonstrated.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.