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.
Q3 FY26 Earnings Results
- Revenue from Operations: ₹5,800.99 cr, +20.6% YoY (vs ₹4,812 cr in Q3 FY25); +5.0% QoQ from Q2 FY26.
- EBITDA / Operating Profit: ₹354.29 cr, -2.7% YoY; Operating Margin: 6.11% showing moderation due to cost pressure.
- PAT: ₹278.97 cr, flat / -14.3% YoY; net profit contraction reflects margin compression and non-operating costs.
- Other key metrics: PBT: ₹502 cr YoY (+17%); Normalized EPS: ₹8.57 per share.
Management Commentary & Strategic Decisions
- Management highlighted broad-based revenue growth across Engineering, Power & Mobility segments, contributing to high double-digit top-line expansion in Q3 FY26. Operational execution in key business units drove backlog conversion into sales.
- Interim Dividend: Board declared an interim dividend of ₹2 per share, signaling shareholder returns despite modest PAT trends.
- Leadership is focused on product portfolio balance and operational efficiency even as input costs and competitive pressures moderate EBITDA margin.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹5,523 cr, +12.1% YoY (vs ₹4,925 cr in Q2 FY25).
- EBITDA / Operating Profit: ₹544 cr, implied +12% YoY; operating margin 9.9%.
- PBT: ₹459 cr (Before share of profit/exceptional items); PAT: ₹302 cr, both higher YoY reflecting improved activity.
- EPS: ₹9.65 per share.
Management Commentary Q2
- Management commentary for Q2 highlighted steady revenue and profit momentum driven by broad sector demand across engineering and metal formed products, along with strong export contributions. Margin stability was aided by cost control even as cycle headwinds persisted.
- Operational highlights pointed to balanced mix across segments and disciplined working capital management, supporting quarterly profitability.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.