Tube Investments reports strong Q2 growth, board approves reclassification

Tube Investments of India Limited (TII) has reported strong unaudited standalone financial results for the quarter and half-year ended September 30, 2025. Standalone revenue in Q2 increased to INR 2,119 Cr from INR 2,065 Cr in the same period last year, marking an 11.5% growth in Profit Before Tax (PBT) to INR 250 Cr from INR 225 Cr. The company's consolidated revenue for the quarter stood at INR 5,523 Cr, up from INR 4,925 Cr in the corresponding quarter of the previous year. Consolidated PBT reached INR 459 Cr, an increase from INR 426 Cr in the prior year.

The board of directors, meeting on November 5, 2025, also approved a request from M/s. Yanmar Coromandel Agrisolutions Private Limited (YCAS) for reclassification from the 'Promoter and Promoter Group' category to 'Public Shareholder' category. This reclassification, subject to obtaining a No Objection Certificate, aligns with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key subsidiaries also contributed to the consolidated performance, with CG Power and Industrial Solutions Ltd. reporting a consolidated revenue of INR 2,923 Cr (PBT: INR 388 Cr) and Shanthi Gears Ltd. registering a revenue of INR 132 Cr (PBT: INR 29 Cr) for the quarter. The financial results have been made available on the company's website.