Tube Investments of India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
TIINDIA · price
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Tube Investments of India (TIIINDIA) reported Q2 and H1 FY26 results on November 5, 2025, with auditor S.R. Batliboi & Associates LLP giving an unmodified limited review opinion. Standalone Q2 FY26 revenue rose ~2.6% YoY to ₹2,118.96 Cr and PAT grew ~11.3% to ₹186.75 Cr. For H1 FY26 standalone, revenue grew 2.5% YoY to ₹4,125.56 Cr while PAT slipped about 7% to ₹354.84 Cr (vs ₹382.27 Cr) as the prior year had a one-time fair-value gain on CCPS in a subsidiary that did not recur. On a consolidated basis, H1 FY26 revenue grew ~14% YoY to ₹10,831.70 Cr, driven by engineering, gears and gear products, power systems, and industrial systems segments. The Board also approved reclassifying Yanmar Coromandel Agrisolutions from the 'Promoter and Promoter Group' category to 'Public Shareholder', subject to NOC from the stock exchanges.
Steady operating performance – standalone operating margin held at 13% and net margin at 9% – with consolidated topline showing healthy double-digit growth, signalling resilience across core engineering and power businesses. The H1 standalone PAT dip is largely a base-effect issue (absence of prior-year CCPS gain) rather than an underlying weakness. The YCAS reclassification is a procedural governance change; it will marginally reduce reported promoter-group shareholding but has no direct financial impact on the company.