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Informist, Wednesday, Feb. 4, 2026

 

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--Tube Invest Oct-Dec net profit INR 1.89 bln
--Tube Invest Oct-Dec revenue INR 21.52 bln 
--Tube Invest Oct-Dec PAT INR 1.89 bln vs INR 1.61 bln year ago 
--Tube Invest Oct-Dec revenue INR 21.52 bln vs INR 19.10 bln year ago
--Tube Invest to pay INR 2 per share interim dividend 
--Tube Invest Apr-Dec PAT INR 5.44 bln vs INR 4.83 bln year ago 
--Tube Invest interim dividend record date Feb 10 
--Tube Invest Apr-Dec revenue INR 62.78 bln vs INR 59.35 bln year ago 
--Tube Invest Oct-Dec engg revenue INR 14.38 bln vs INR 12.12 bln yr ago 
--Tube Invest Q3 metal formed pdts sales INR 4.08 bln vs INR 4.00 bln yr ago 

 

By Shreya Shetty

 

MUMBAI – Tube Investments of India Ltd. posted a double-digit growth in both its bottom line and top line for the December quarter, beating analysts' estimates slightly. The company's revenue was the highest in 37 quarters.

 

The company reported a net profit of INR 1.89 billion for the quarter, up nearly 18% on year. Motilal Oswal Financial Services Ltd. had estimated the company's net profit for the December quarter at INR 1.84 billion. Total revenue from operations for the quarter rose nearly 13% on year to INR 21.52 billion, which was slightly higher than Motilal Oswal's estimate of INR 21.22 billion.

 

For Apr-Dec, the company's standalone net profit rose nearly 13% on year to INR 5.44 billion. The Chennai-based engineering company's top line for the period rose nearly 6% on year to INR 62.78 billion.

 

The company will pay an interim dividend of INR 2 per share, with a record date of Feb. 10.

 

The company's other income for the December quarter fell nearly 56% on year and over 62% from the previous quarter to INR 78 million. 

 

Tube Investment's total expenses rose over 10% on year to INR 18.92 billion. The company's total expenses were largely the same as the trailing quarter. Cost of material consumed, the company's biggest expense, rose nearly 17% on year and nearly 1% sequentially to INR 12.32 billion. Cost of raw materials consumed accounts for more than 65% of the company's total expenses.

 

Purchase of stock-in-trade fell over 20% on year to INR 1.15 billion during the quarter. Employee benefit expenses were up 0.4% on year and nearly 1% on quarter at INR 1.74 billion. Other expenses rose to INR 3.47 billion in Oct-Dec from INR 3.17 billion in the year-ago quarter.

 

Revenue from the company's engineering segment rose nearly 19% on year to INR 14.38 billion during the December quarter. Revenue from the mobility segment rose over 29% on year to INR 1.83 billion, while revenue from the metal formed products segment was up more than 2% on year at INR 4.08 billion. 

 

At 1439 IST, shares of the company were up nearly 4% at INR 2,595.7 on the National Stock Exchange.  End

 

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

 

Edited by Tanima Banerjee

 

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