Tube Investments of India Limited has informed the Exchange regarding Outcome of Board Meeting held on November 05, 2025 - Reclassification
TIINDIA · price
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Awaiting price reaction for this filing.
The Board approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 ended September 30, 2025. Standalone Q2 revenue from operations grew modestly to ₹2,118.96 Cr (vs ₹2,064.84 Cr YoY) with PAT of ₹186.75 Cr (vs ₹167.80 Cr), while H1 PAT slipped to ₹354.84 Cr from ₹382.27 Cr. Consolidated revenue was stronger at ₹10,831.70 Cr for H1 (vs ₹9,502.47 Cr), but consolidated H1 PAT dipped to ₹615.95 Cr from ₹673.77 Cr, largely weighed by losses in the Electric Vehicles segment. Standalone operating margin improved from 12% to 13% YoY. Separately, the Board approved reclassifying Yanmar Coromandel Agrisolutions Private Limited from 'Promoter and Promoter Group' to 'Public' category, subject to stock exchange NOCs.
Mixed quarter for shareholders — top-line growth is steady and margins are slightly better, but bottom-line declined in H1 due to drag from EV business and higher depreciation. The promoter reclassification is procedural and should not materially affect shareholding structure once stock exchanges approve.