Tube Investments of India Limited has announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors also approved a capital expenditure of up to ₹83 crore for capacity enhancement in its engineering division’s Cold Rolled Steel Strips (CRSS) facility at Avadi, aiming to meet increasing demand. The financial results show consolidated revenue of ₹7,330.31 crore for the half-year ended September 30, 2026.
Financial Results and Board Approvals
Tube Investments of India Limited (TII) has released its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board of Directors met on November 5, 2026, to approve these results and other key business decisions.
Capacity Expansion in Engineering Division
A significant decision from the Board was the approval of a capital expenditure proposal not exceeding ₹83 crore. This investment is earmarked for the capacity enhancement of the existing manufacturing facility for Cold Rolled Steel Strips (CRSS) located at Avadi. The objective is to address the increasing market demand. The project is anticipated to be funded primarily through internal accruals and is projected for completion in the Fiscal Year 2027-28.
Key Financial Highlights
For the half-year ended September 30, 2026, TII reported consolidated revenue from operations of ₹13,545.64 crore. The profit before tax (consolidated) for the same period stood at ₹1,104.60 crore. On a standalone basis, revenue for the half-year was ₹5,076.69 crore, with a profit before tax of ₹465.90 crore.
Operational Overview
In the second quarter of FY27, TII’s standalone revenue was ₹2,710.49 crore, with a Profit Before Tax (PBT) of ₹253.16 crore. The company highlighted that ROIC (annualized) stood at 44% for the quarter. The press release also detailed performance across its business segments, noting revenue growth in Engineering, Metal Formed Products, Mobility, and Others segments compared to the previous year.
Subsidiaries and Associates
The consolidated financial results encompass the performance of various subsidiaries and associates, including Shanthi Gears Limited, CG Power and Industrial Solutions Limited, and TI Clean Mobility Private Limited, among others. The report also details acquisitions and investments made during the period, such as the acquisition of Shanthi Gears Limited and investment in 3xper Innoventure Limited.
Source: BSE
