Tube Investments of India Limited (TII) has approved a capital expenditure of ₹83 crore for capacity enhancement in its engineering division. The company reported a Profit Before Tax (PBT) of ₹253 crore for the quarter ended September 30, 2026, a slight increase from the previous year’s ₹250 crore. This expansion aims to meet growing demand for Cold Rolled Steel Strips.
Tube Investments of India Approves Capacity Expansion and Reports Financial Results
Financial Highlights for Q2 FY27
Tube Investments of India Limited (TII) announced its unaudited financial results for the quarter ended September 30, 2026. The company reported a Profit Before Tax (PBT) of ₹253 crore, compared to ₹250 crore in the same period of the previous year. Revenue for the quarter stood at ₹2,710 crore, an increase from ₹2,119 crore in the prior year’s corresponding quarter.
Capacity Enhancement in Engineering Division
The Board of Directors has also approved a significant capital expenditure proposal amounting to ₹83 crore. This investment is earmarked for the capacity enhancement of the existing manufacturing facility for Cold Rolled Steel Strips (CRSS) located in Avadi. The primary objective of this expansion is to address the increasing demand for its products. The project is expected to be funded through internal accruals and is slated for completion by FY 2027-28.
Review of Businesses
In the Engineering segment, revenue for the quarter was ₹1,828 crore, up from ₹1,382 crore in the previous year’s quarter. Profit before interest and tax (PBT) for this segment was ₹171 crore, an increase from ₹164 crore year-on-year.
The Metal Formed Products segment reported revenue of ₹473 crore, compared to ₹408 crore in the previous year. PBT for this segment was ₹49 crore, up from ₹44 crore.
In the Mobility segment, revenue reached ₹247 crore, up from ₹194 crore. PBT for this segment was ₹8 crore, an increase from ₹4 crore in the prior year’s quarter.
The ‘Others’ segment generated revenue of ₹260 crore, compared to ₹227 crore in the previous year. PBT for this segment was ₹20 crore, up from ₹18 crore.
The company’s consolidated revenue for the quarter was ₹7,330 crore, against ₹5,523 crore in the corresponding quarter of the previous year.
Further details of the unaudited financial results, including standalone and consolidated statements of assets and liabilities, and cash flow, are available on the company’s website and stock exchange platforms.
Source: BSE
