Revenue for the quarter remained flat at ₹1,957 crore, compared to the ₹1,962 crore it reported during the same quarter last year.
The company reported a net profit of ₹814 crore, compared to ₹248 crore during the same quarter last year. However, the boost in profitability is due to a one-time gain of ₹569 crore. The one-time gain is due to a fair value gain on Compulsorily Convertible Preference Shares (CCPS) in its subsidiary TI Clean Mobility Pvt. Ltd.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 5% year-on-year to ₹227.7 crore, while margins expanded marginally by close to 60 basis points to 11.6%.
Revenue for the engineering segment declined to ₹1,229 crore during the March quarter, compared to ₹1,276 crore during the same quarter last year.
Metal formed Products segment reported revenue of ₹403 crore during the quarter, compared to ₹386 crore during the same quarter last year.
Revenue of the mobility segment stood at ₹181 crore during the quarter, compared to ₹154 crore last year.
Tube Investment has also approved a borrowing plan worth ₹300 crore for financial year 2026. The borrowing will be done via term loans or through the issue of privately-placed and secured non-convertible debentures in one or more tranches if needed.
Shares of Tube Investments of India fell 2.6% after the earnings announcement to ₹2,961. The stock is still higher by 15% over the last one month.