Tube Investments of India Limited has informed the Exchange that Board of Directors at its meeting held on May 13, 2026, recommended Final Dividend of Rs. 1.50 per equity share.
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Tube Investments of India Limited reported audited standalone PAT of Rs. 827.35 Cr (down from Rs. 1,296.66 Cr in FY25), a 36% decline year-on-year, while consolidated PAT was Rs. 1,116.22 Cr (vs Rs. 1,054.29 Cr in FY25). Standalone revenue grew 8.4% to Rs. 8,556 Cr and consolidated revenue grew 17.4% to Rs. 22,847 Cr. The Board declared an interim dividend of Rs. 2 per share (already paid) and recommended a final dividend of Rs. 1.50 per share. Auditors issued an unmodified opinion. Exceptional items of Rs. 22.75 Cr (standalone) relate to additional gratuity and compensated absences liabilities due to new labour codes, with management noting ongoing uncertainty. The company also invested Rs. 350 Cr in subsidiaries including clean mobility and semiconductor ventures.
PAT decline on standalone basis is significant but partly attributed to exceptional labour code charges; consolidated results show resilience with revenue growth and stable profitability. The dividend payout signals confidence. Shareholders should note the ongoing labour code uncertainty and significant investments in new-age subsidiaries.