Tube Investments of India (TII) has declared an interim dividend of ₹2 per share. The board also approved the reappointment of independent directors Mr. Anand Kumar and Mr. V S Radhakrishnan, subject to shareholder approval. Additionally, a request for reclassification from Algavista Greentech Private Limited from ‘Promoter’ to ‘Public Shareholder’ category was approved, pending stock exchange clearance. The Q3 standalone profit before tax stood at ₹253 Cr.
Interim Dividend
The Board of Directors has declared an interim dividend of ₹2 (Rupees Two only) per equity share of ₹1 each for the financial year ending March 31, 2026. The record date for determining eligible members is set as Tuesday, February 10, 2026. This interim dividend will be paid within 30 days of the declaration date.
Director Reappointments
The Board has reappointed Mr. Anand Kumar as an Independent Director for a second term of 5 consecutive years, from March 24, 2026, to March 23, 2031, subject to member approval.
Mr. V S Radhakrishnan was also reappointed as an Independent Director for a second term of 5 consecutive years, from July 5, 2026, to July 4, 2031, subject to member approval.
A postal ballot and e-voting process will be initiated to seek member approval for these reappointments.
Shareholder Reclassification
A request from Algavista Greentech Private Limited (AGPL), seeking reclassification from ‘Promoter and Promoter Group’ category to ‘Public Shareholder’ category, has been approved by the Board. This approval is subject to obtaining No Objection from the Stock Exchanges, according to SEBI regulations.
Financial Performance (Standalone)
Key highlights from the standalone unaudited financial results for Q3 (Oct-Dec 2025) include:
- Revenue at ₹2,152 Cr, compared to ₹1,910 Cr in the same period of the previous year.
- Profit Before Tax (PBT) before exceptional items at ₹268 Cr, a 26% increase from ₹212 Cr in the same period of the previous year.
- Annualized Return on Invested Capital (ROIC) stood at 49%.
Segment Performance (Standalone)
- Engineering: Revenue of ₹1,438 Cr and Profit before interest and tax of ₹196 Cr.
- Metal Formed Products: Revenue of ₹408 Cr and Profit before interest and tax of ₹46 Cr.
- Mobility: Revenue of ₹183 Cr and Profit before interest and tax of ₹4 Cr.
- Others: Revenue of ₹214 Cr and Profit before interest and tax of ₹19 Cr.
Consolidated Financial Highlights
- Consolidated revenue for the quarter was ₹5,801 Cr, compared to ₹4,812 Cr in the corresponding quarter of the previous year.
- Profit (before share of profit of an Associate/Joint Venture, Exceptional Items and Tax) for the quarter was ₹502 Cr, compared to ₹427 Cr in the corresponding quarter of the previous year.
Source: BSE
