Earnings Review
Tube Invest Q2 sales highest in 36 qtrs but miss estimates
This story was originally published at 15:15 IST on 5 November 2025
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--Tube Invest Jul-Sept PAT INR 1.87 bln vs INR 1.68 bln year ago
--Tube Invest Jul-Sept revenue INR 21.19 bln vs INR 20.65 bln year ago
--Tube Invest Apr-Sept PAT INR 3.55 bln vs INR 3.22 bln year ago
--Tube Invest Apr-Sept revenue INR 41.26 bln vs INR 40.25 bln year ago
--Tube Invest Q2 engg revenue INR 13.82 bln vs INR 13.23 bln year ago
--Tube Invest Q2 metal formed pdts sales INR 4.08 bln vs INR 4.04 bln yr ago
--Tube Invest Jul-Sept mobility revenue INR 1.94 bln vs INR 1.68 bln yr ago
--Tube Invest: Free cash flow INR 1.83 bln in Jul-Sept
By Shreya Shetty
MUMBAI – Tube Investments of India Ltd. posted double-digit growth in its bottom line for the September quarter, which beat analysts' estimate. On the other hand, the company reported low single-digit growth in revenue, which missed analysts' estimates but was the highest in 36 quarters.
The company reported a net profit of INR 1.87 billion for the quarter, up more than 11% on year. Motilal Oswal Financial Services Ltd. estimated the company's net profit for the September quarter at INR 1.79 billion. Total revenue from operations for the quarter rose nearly 3% on year to INR 21.19 billion, which was lower than Motilal Oswal's estimate of INR 21.34 billion.
Compared to Apr-Jun, the company's revenue rose nearly 6% while its net profit was up over 11%. For Apr-Sept, the company's standalone net profit rose more than 10% on year to INR 3.55 billion. The Chennai-based engineering company's top line for the period rose nearly 3% on year to INR 41.26 billion.
The company's other income fell over 21% on year and nearly 13% sequentially to INR 205 million.
The company's total expenses rose more than 1% on year and nearly 5% sequentially to INR 18.91 billion. Cost of material consumed, the company's biggest expense, rose 8% on year and over 4% sequentially to INR 12.22 billion. Cost of raw materials consumed accounts for nearly 65% of the company's total expenses.
Purchase of stock-in-trade fell nearly 25% on year to INR 1.06 billion during the quarter. Employee benefit expenses rose nearly 1% on year and nearly 3% sequentially to INR 1.72 billion. Other expenses rose to INR 3.48 billion from INR 3.31 billion in the year-ago quarter.
Revenue from the company's engineering segment rose over 4% on year to INR 13.82 billion during the quarter. Revenue from the mobility segment rose over 15% on year to INR 1.94 billion, while revenue from the metal formed products segment was up nearly 1% on year at INR 4.08 billion. The company's operating margin for the quarter rose to 13% from 12% a year ago.
The company's free cash flow at the end of the quarter was INR 1.83 billion.
On Tuesday, shares of the company closed 1.8% lower at INR 2,992.5 on the National Stock Exchange. End
Edited by Avishek Dutta
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