2 weeks ago
Tube Investments Q1 Profit Falls 15% as Margins Contract
Tube Investments of India is a big company that makes many different engineering products.
Every three months, companies report how much money they made and spent.
In the three months ending June 30, 2026, Tube Investments sold more products, with sales going up by 17%.
Even so, the company's profit went down by 15%, meaning it kept less of the money it earned.
Its profit margin shrank from 10.3% to 8.8%.
Some parts of the company, like Electric Vehicles, did very well, while others, like Gears and Semiconductor, made less money than last year.
Two of its subsidiary companies also reported results, with one doing better and one doing worse.
Companies share these numbers every quarter so investors can see how the business is doing.
Tube Investments of India posted a 15% year-on-year drop in consolidated profit to ₹168.6 crore for the quarter ended June 30, 2026.
Revenue rose 17% to ₹6,215.1 crore from ₹5,309.1 crore a year earlier.
EBITDA margin narrowed to 8.8% from 10.3%, with EBITDA nearly flat at ₹547.8 crore.
Subsidiary CG Power and Industrial Solutions' revenue rose to ₹3,281 crore, with profit before tax at ₹423 crore.
Subsidiary Shanthi Gears' revenue and profit before tax fell to ₹115 crore and ₹14 crore, respectively.
- Who
- Tube Investments of India, a Murugappa Group company, along with subsidiaries CG Power and Industrial Solutions Ltd and Shanthi Gears Ltd
- What
- Reported a 15% year-on-year decline in consolidated first-quarter profit to ₹168.6 crore despite 17% revenue growth
- Where
- India, with results announced via a press release filed at NSE
- When
- Quarter ended June 30, 2026
- Why
- Operating margin contracted as EBITDA stayed flat at ₹547.8 crore while revenue grew, squeezing profitability
Key facts
- Company
- Tube Investments of India (Murugappa Group)
- Quarter
- Ended June 30, 2026
- Consolidated net profit
- ₹168.6 crore (down 15% YoY)
- Consolidated revenue
- ₹6,215.1 crore (up 17% YoY)
- EBITDA
- ₹547.8 crore, nearly flat YoY
- EBITDA margin
- 8.8%, down from 10.3%
- CG Power stake
- 56.29% (revenue ₹3,281 crore)
- Shanthi Gears stake
- 70.46% (revenue ₹115 crore)










