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Informist, Friday, Aug. 1, 2025

By Akash Mandal

--Tube Invest Apr-Jun net profit INR 1.68 bln vs INR 1.54 bln year ago 

--Tube Invest Apr-Jun revenue INR 20.07 bln vs INR 19.60 bln year ago 

--Tube Invest Apr-Jun engg revenue INR 12.98 bln vs INR 12.65 bln yr ago 

--Tube Invest Q1 metal formed pdts revenue INR 3.66 bln vs INR 3.58 bln 

--Tube Invest Q1 mobility segment sales INR 1.98 bln vs INR 1.81 bln yr ago 

--Tube Invest Apr-Jun operating margin 12%, unchanged on year 

MUMBAI – Tube Investments of India Ltd.'s top line for the June quarter grew at the fastest pace in three quarters, after a drop in the March quarter. However, growth was still low compared to the double-digit top line growth the company reported till a few quarters ago. Analysts had expected the demand environment to remain weak across segments for the company during the reporting quarter.

The engineering company reported a net profit of INR 1.68 billion for the June quarter, up 9% on year. Sequentially, its net profit fell over 79%. Its total revenue from operations rose 2% on year and nearly 3% sequentially to INR 20.07 billion. Motilal Oswal Financial Services had expected the company to report a net profit of INR 1.61 billion for the reporting quarter on revenue of INR 20.60 billion. The company's other income rose over 71% on year but fell 84% sequentially to INR 234.40 million.

The company's total expenses rose 3% on year and 2% sequentially to INR 18.08 billion. Raw material costs, the company's biggest expense, rose 3% on year and 7% sequentially to INR 11.70 billion. Purchase of stock-in-trade fell 8% on year to INR 1.14 billion during the quarter. Employee benefit expenses rose 4% on year but declined 4% sequentially to INR 1.68 billion. Other expenses rose to INR 3.39 billion from INR 3.16 billion in the year-ago quarter.

Revenue from the company's engineering segment rose nearly 3% on year to INR 12.98 billion during the quarter. Revenue from its mobility and metal formed products segments rose over 9% and 2% on year to INR 1.98 billion and 3.66 billion, respectively. The company's operating margin for the quarter remained unchanged both on year and sequentially at 12%. 

The Murugappa Group company said its return on invested capital fell to 39% in the June quarter on an annualised basis, compared to 47% in the year-ago period. Its free cash flow at the end of the quarter was INR 820 million. At 1447 IST, shares of the company were at INR 2,821.50 on the National Stock Exchange, down 0.7% and broadly unchanged after the earnings were announced.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Avishek Dutta

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