Tube Investments reports strong Q2 FY2026 revenue and profit growth

Tube Investments of India Limited (TII) reported robust standalone revenue of INR 2,119 Crores for Q2 FY2026, an increase from INR 2,065 Crores in the same period last year. Profit Before Tax (PBT) also saw significant growth, reaching INR 250 Crores, up 11.5% from INR 225 Crores previously. The company's consolidated revenue stood at INR 5,523 Crores against INR 4,925 Crores, with consolidated PBT at INR 459 Crores compared to INR 426 Crores in the corresponding quarter.

The engineering division's revenue was INR 1,382 Crores, contributing to a PBIT of INR 164 Crores. The mobility business, primarily bicycles, experienced a substantial revenue surge to INR 194 Crores from INR 168 Crores year-on-year, turning a previous loss into a PBIT of INR 4 Crores. TII's industrial chain market share remains strong at nearly 50% of the INR 900 Crores market. The company also anticipates investing INR 300 to 400 Crores in its standalone business next year, with additional capital allocated for TI Medical, 3xper Innoventure, and potential M&A.

Despite some slowdown due to GST impact in the medical division, Tube Investments targets over 15% growth for its surgical business and is exploring new verticals. The company remains confident in its EV strategy, with Q2 volumes of 2,082 for three-wheelers, 44 for HCVs, 167 for small commercial vehicles, and 100 for e-tractors.