Tube Investments of India Limited announced the approval of a capital expenditure of ₹83 crore for capacity enhancement in its engineering division. The company also released its unaudited financial results for the quarter and half-year ended September 30, 2026. Standalone revenue for the quarter was ₹2,710 crore with a Profit Before Tax (PBT) of ₹253 crore. Consolidated revenue for the quarter reached ₹7,330 crore.
Board Approves Capacity Expansion
The Board of Directors of Tube Investments of India Limited (TII) has given its approval for a capital expenditure proposal not exceeding ₹83 crore. This investment is earmarked for the capacity enhancement of its existing manufacturing facility for Cold Rolled Steel Strips (CRSS) at Avadi, aimed at meeting increased demand. The project is expected to be funded primarily through internal accruals and is projected for completion by FY 2027-28.
Financial Highlights Q2 FY27
The company also disclosed its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.
Standalone Performance
For the quarter ended September 30, 2026, Tube Investments reported revenue from operations of ₹2,710.49 crore, a notable increase from ₹2,118.96 crore in the corresponding quarter of the previous year. Profit Before Tax (PBT) stood at ₹253.16 crore compared to ₹250.44 crore in the prior year’s quarter. For the half-year ended September 30, 2026, revenue was ₹5,076.69 crore with a PBT of ₹465.90 crore.
Consolidated Performance
On a consolidated basis, Tube Investments’ revenue from operations for the quarter ended September 30, 2026, was ₹7,330.31 crore, up from ₹5,522.64 crore in the same period last year. The consolidated Profit Before Tax (PBT) for the quarter was ₹643.82 crore, an increase from ₹458.96 crore in the previous year’s quarter. The consolidated revenue for the half-year ended September 30, 2026, was ₹13,545.64 crore, with a PBT of ₹1,104.60 crore.
Review of Businesses (Standalone)
The Engineering segment revenue for the quarter was ₹1,828 crore, with profit before interest and tax at ₹171 crore. The Metal Formed Products segment reported revenue of ₹473 crore and profit before interest and tax of ₹49 crore. For the Mobility segment, revenue stood at ₹247 crore with profit before interest and tax at ₹8 crore. The Others segment recorded revenue of ₹260 crore and profit before interest and tax of ₹20 crore.
Review of Businesses (Consolidated)
Consolidated revenue for the quarter reached ₹7,330 crore, driven significantly by CG Power and Industrial Solutions Ltd, which registered revenue of ₹3,802 crore. Shanthi Gears Ltd., a subsidiary, reported a revenue of ₹128 crore for the quarter.
Source: BSE
