Tube Investments of India Limited has informed the Exchange about Transcript
TIINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tube Investments reported Q4 standalone revenue of Rs.2,279 Crores (up 16% YoY) with PBT of Rs.361 Crores. Full year standalone revenue was Rs.8,556 Crores with ROIC at 44% and free cash flow of Rs.826 Crores (100% of PAT). The engineering segment drove growth with Q4 revenue of Rs.1,495 Crores (up 22% YoY). The EV business (TICMPL) had Q4 volumes of 87 big trucks, 241 SCVs, and 1,176 three-wheelers. Management noted volume growth remains strong but flagged commodity and fuel cost inflation challenges with recovery expected through customer pass-through (1-2 quarter lag) and cost reduction initiatives. The railway business remains in product development awaiting Vande Bharat coach approvals. Three-wheeler supply issues from body-in-white supplier have been resolved by acquiring the facility. CDMO plant at Naidupet will start commercial production next quarter. FY2027 capex guidance is Rs.300-350 Crores for standalone plus Rs.300 Crores for subsidiaries.
Strong revenue growth with stable ROIC indicates operational efficiency. The EV business shows promise with good order books but faces deployment challenges. Railway scaling awaits regulatory approval, while medical devices target 15-20% growth following a recent acquisition. Investors should monitor commodity cost pass-through timing and EV scaling execution.