The Board of Directors of Tube Investments of India Limited (TII) met today and approved the financial results for the Quarter and Year ended 31st March 2026.The Board has declared and paid an interim dividend of Rs.2 per share in February 2026. The board has now recommended a final dividend of Rs.1.50 per share for the Financial Year 2025-26.
Standalone Results for the Quarter:
• Revenue in Q4 was at Rs.2,279 Cr compared with Rs.1,957 Cr of same period previous year. Revenue for the full year was Rs. 8,556 Cr. as against Rs.7,893 Cr.
of previous year
• PBT before exceptional items and fair value gain on CCPS for the quarter was at Rs.361 Cr compared with Rs.327 Cr of same period previous year. PBT before exceptional items and fair value gain on CCPS for the full year was Rs. 1,099 Cr. as against Rs. 975 Cr. of previous year.
• ROIC stood at 44% for the year ended 31 March 2026, compared with the 44% reported in the previous year.
• Free cash flow for the quarter was Rs.313 Cr. The cumulative free cash flow
for the year was Rs. 826 Cr. i.e 100% of PAT
Review of Businesses
Engineering
The Revenue for the quarter was Rs.1,495 Cr compared with Rs.1,229 Cr in the corresponding quarter of the previous year. Profit before interest and tax for the quarter was Rs.176 Cr as against Rs.142 Cr in the corresponding quarter of the previous year.
The Revenue for the full year was Rs.5,612 Cr. compared with Rs. 5,029 Cr. in the previous year. Profit before interest and tax for the full year was Rs. 689 Cr. compared with Rs. 617 Cr. in the previous year.
Metal Formed Products
The Revenue for the quarter was Rs. 421 Cr. compared with Rs. 403 Cr. in the corresponding quarter of the previous year. Profit before interest and tax for the quarter was Rs. 35 Cr. as against Rs. 39 Cr. in the corresponding quarter of the previous year.
The Revenue for the full year was Rs. 1,603 Cr. compared with Rs. 1,565 Cr. in the previous year. Profit before interest and tax for the full year was Rs. 162 Cr. as against Rs.161 Cr. in the previous year.
Mobility
The Revenue for the quarter was Rs. 208 Cr. compared with Rs. 181 Cr. in the corresponding quarter of the previous year. Profit before interest and tax for the quarter was Rs. 4 Cr. compared with Rs. 4 Cr. in the corresponding quarter of the previous year.
The Revenue for the full year was Rs. 783 Cr. compared with Rs. 671 Cr. in the previous year. Profit before interest and tax for the full year was Rs. 19 Cr. as against of Rs. 5 Cr. in the previous year.
Others
The Revenue for the quarter was Rs. 246 Cr. compared with Rs. 244 Cr. in the corresponding quarter of the previous year. Profit before interest and tax for the quarter was Rs.16 Cr. as against Rs. 13 Cr. in the corresponding quarter of the previous year.
The Revenue for the full year was Rs. 923 Cr. compared with Rs. 987 Cr. in the previous year. Profit before interest and tax for the full year was Rs. 70 Cr. as against Rs. 48 Cr. in the previous year.
Consolidated Results
TII’s consolidated revenue for the quarter was Rs. 6,215 Cr as against Rs. 5,150 Cr.in the corresponding quarter of the previous year. The profit (before share of profit of Associate / Joint Ventures, Exceptional Items, Loss on fair valuation of CCPS and Tax) for the quarter was at Rs. 516 Cr. as against Rs. 479 Cr. in the corresponding quarter of the previous year.
For the year ended 31st March 2026, TII’s consolidated Revenue for the year was Rs.22,847 Cr. as against Rs. 19,465 Cr. in the previous year. The profit (before share of profit of Associate / Joint Ventures, Exceptional Items, Loss on fair valuation of CCPS and Tax) was at Rs.1,937 Cr. as against Rs. 1,801 Cr. in the previous year.
CG Power and Industrial Solutions Ltd, a subsidiary company, in which the Company holds 56% stake, registered a consolidated revenue of Rs. 3,442 Cr. during the quarter as against Rs. 2,753 Cr. in the corresponding quarter of the previous year. Profit before exceptional items and tax for the quarter was at Rs. 490 Cr. as against Rs. 384 Cr. in the corresponding quarter of previous year. For the year ended 31st March 2026, CG’s consolidated Revenue for the year was Rs.12,418 Cr. as against Rs. 9,909 Cr. in the previous year. The Profit before exceptional items and tax was at Rs.1,662 Cr. as against Rs. 1,348 Cr. in the previous year.
Shanthi Gears Ltd., a subsidiary company in the Gears Business, in which the Company holds 70% stake, registered a revenue of Rs. 135 Cr. during the quarter as against Rs. 153 Cr. in the corresponding quarter of the previous year. Profit before exceptional items and tax for the quarter was at Rs. 25 Cr. as against Rs. 31 Cr. in the corresponding quarter of previous year. For the year ended 31st March 2026, SGL’s Revenue was at Rs. 519 Cr. as against Rs. 605 Cr. in the previous year. The profit before exceptional items and tax was at Rs.107 Cr. as against Rs.130 Cr. in the previous year.