Tube Investments of India Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2025.
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Tube Investments of India (TII) announced audited FY25 results with standalone total revenue from operations rising modestly to Rs. 7,892.53 Cr from Rs. 7,610.51 Cr in FY24 (about 3.7% growth). Standalone profit after tax jumped to Rs. 1,296.66 Cr from Rs. 734.51 Cr, a 76% increase, though this was significantly boosted by a one-time, non-cash fair value gain of Rs. 569 Cr on preference shares held in TI Clean Mobility. Excluding this gain, the underlying profit growth is far more moderate. The company also booked Rs. 19.13 Cr in exceptional items as impairment of investments in Moschine Electronics and Aerostrovilos Energy. The board recommended a final dividend of Rs. 1.50 per share, taking total FY25 dividend to Rs. 3.50 per share (including Rs. 2 interim already paid). Additional items approved include a long-term borrowing of up to Rs. 300 Cr, the appointment of Ms. Shelina Pranav Parikh as Independent Director, and the appointment of Sridharan & Sridharan Associates as Secretarial Auditor for five years. The statutory auditor (S.R. Batliboi & Associates LLP) issued an unmodified (clean) opinion on the results.
The headline profit surge looks impressive, but retail investors should note that nearly half of the FY25 PAT comes from a non-recurring, non-cash fair value gain, so the underlying earnings growth is more modest. The clean audit opinion, decent revenue growth, and a healthy Rs. 3.50 per share total dividend are positives. The Rs. 300 Cr borrowing plan and small impairments in subsidiaries are routine but worth monitoring.