Tube Investments of India's Q2 FY 2025-26 Quarterly Results

Result Summary

• Tube Investments of India Ltd reported a 4.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 12.4%.
• Its expenses for the quarter were up by 4.6% QoQ and 12.8% YoY.
• The net profit decreased 0.4% QoQ and increased 1.0% YoY.
• The earnings per share (EPS) of Tube Investments of India Ltd stood at 9.64 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Tube Investments of India Ltd is a prominent company engaged in the manufacturing sector, known for producing a wide array of products including precision steel tubes, chains, car door frames, and bicycles. Operating within the industrial manufacturing industry, the company is part of the larger Murugappa Group. A vital player in the automotive and engineering segments, Tube Investments of India Ltd caters to both domestic and international markets. As of the latest available information, there have been no major developments reported for this period; however, the company continues to focus on expansion and innovation across its product lines.

Revenue

In the second quarter of fiscal year 2026 (Q2FY26), Tube Investments of India Ltd reported a total income of ₹5615.35 crores, marking a quarter-over-quarter (QoQ) increase of 4.4% from ₹5380.63 crores in Q1FY26. This also represents a year-over-year (YoY) growth of 12.4% from ₹4995.24 crores in Q2FY25. The consistent revenue growth over the periods suggests an upward trajectory in the company's sales and operational strategies, despite the challenging market conditions prevalent in the industry.

Profitability

The company's profitability metrics indicate a stable performance. The profit before tax for Q2FY26 stood at ₹459.06 crores, which reflects a QoQ increase of 2.2% from ₹449.08 crores in the previous quarter, and a YoY increase of 7.7% from ₹426.05 crores in Q2FY25. The tax expenses increased by 7.6% QoQ and 23.8% YoY to ₹156.91 crores, culminating in a profit after tax (PAT) of ₹302.05 crores for Q2FY26. Although the PAT represents a slight QoQ decrease of 0.4% from Q1FY26, it shows a marginal YoY growth of 1.0% from Q2FY25. This stability in profitability is reflected in the earnings per share (EPS), which was ₹9.64 in Q2FY26, showing a decrease both QoQ by 6.1% and YoY by 9.7%.

Operating Metrics

The total expenses for Tube Investments of India Ltd in Q2FY26 amounted to ₹5156.29 crores, an increase of 4.6% from ₹4931.55 crores in Q1FY26, and a 12.8% rise from ₹4569.19 crores in Q2FY25. This increase in expenses correlates with the company's revenue growth over the same periods. The consistent rise in expenses, higher than the revenue growth in percentage terms, is a key point of note in the company's current operating environment. The analysis of these operating metrics suggests a focus on scaling operations, which might involve increased costs as part of the company's growth strategy.