Shares of Tube Investments of India surged over 8% to Rs 2,952 on the BSE on Tuesday, after the company reported its earnings for the quarter ended in June 2026.
As per a regulatory filing on the BSE released on Friday, the company’s Q1 profit after tax declined over 5% year-on-year to Rs 158.62 crore, from Rs 168.09 crore in the corresponding quarter of the previous year. Revenue from operations stood at Rs 2,227.63 crore, as compared to Rs 1,892.48 crore in the same quarter last year.
Despite near-term margin headwinds, Tube Investments of India offers diversified revenue streams, with steady growth in the core business (~7% S/A PAT CAGR over FY26-28E) and CG Power, as well as the optionality of new businesses incubated under the TI-2 strategy, according to the brokerage.
Management outlook
Management remains constructive on the near-term demand environment, with strong momentum visible across most vehicle categories and geographies, as per the brokerage report. Engineering volumes and exports are expected to remain healthy over the next one to two quarters, while new product development and customer relationships provide additional growth support. Margin recovery remains a key near-term catalyst, with full recovery of steel inflation and potential recovery of other input-cost inflation expected to progressively improve profitability.
Overall, the company remains focused on scaling its core businesses while investing in medical, CDMO, EV mobility, battery manufacturing, and other emerging businesses to build multiple growth engines.
