Tube Investments posts lower Q1 consolidated net profit, as costs surge

Tube Investments of India Ltd’s first quarter 2025-2026 consolidated net profit declined 12.3% from last year, as higher expenses offset rise in revenue.

Tube Investments of India Ltd. (TII) of the Murugappa Group, reported first quarter consolidated net profit attributed to owners of the company of ₹198.97 crore, when compared to ₹226.80 crore in the same period last year.

The company’s  consolidated revenue in the April-June 2025 quarter increased  about 16% to ₹5,309 crore from ₹4,578 crore inthe corresponding quarter of the previous year . 

CG Power and Industrial Solutions Ltd, in which TII holds 58% stake reported consolidated revenue of ₹2,878 crore in the first quarter of 2025-2026, when compared to ₹2,228 crore in the same period last year.

Another subsidiary company Shanthi Gears Ltd, in which TII owns 76% stake, posted first quarter 2025-2026 revenue of ₹135 crore, down from ₹139 crore in the same period last year.

TII’s standalone revenue increased about 2.4% to ₹2,007 crore in the April-June period, up from ₹1,960 crore in the same period last year.

On a consolidated basis, the company’s total expenses jumped  18.2% to ₹4,931.55 crore in the first quarter of 2025-2026 from ₹4,172.16 crore in the same period last year.