News ArticleTube Investments of India Announces Q2 2026-27 Financial Results and Rs. 83 Crore Capacity Expansion Plan
Company reports Rs. 188.16 crore profit after tax in Q2 and plans to upgrade Cold Rolled Steel Strips production at Avadi by FY 2027-28
Tube Investments of India Limited announced its unaudited standalone and consolidated financial results for Q2 and H1 ended September 30, 2026, and approved a capital expenditure of Rs. 83 crore for capacity enhancement of its Cold Rolled Steel Strips manufacturing facility at Avadi. The project is funded mainly through internal accruals and expected completion is FY 2027-28.
Tube Investments of India Limited
Corporate Action
Tube Investments of India Limited reported its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, posting a profit after tax of Rs. 188.16 crore for the quarter. Alongside, the company approved a Rs. 83 crore capital expenditure to enhance capacity at its Cold Rolled Steel Strips manufacturing facility in Avadi, aiming to meet increased demand by fiscal 2027-28.
The unaudited financial results were prepared following SEBI Listing Regulations and reviewed by Price Waterhouse Chartered Accountants LLP. Total revenue from operations for the quarter stood at Rs. 2,710.49 crore, with a profit before tax of Rs. 253.16 crore.
The capacity enhancement project at the Avadi facility is planned to be funded primarily through internal accruals. Although the exact capacity increase depends on the product mix, the company expects project completion in FY 2027-28.
The Board meeting where these decisions were taken started at 11:40 AM and ended at 1:01 PM on November 5, 2026.
Highlights
- Rs. 188.16 crore profit after tax reported in Q2 ended September 30, 2026
- Total revenue from operations for Q2: Rs. 2,710.49 crore
- Board approved Rs. 83 crore capital expenditure for manufacturing capacity enhancement
- Project pertains to Cold Rolled Steel Strips (CRSS) manufacturing facility at Avadi
- Capacity enhancement funded mainly through internal accruals
- Project expected completion by fiscal year 2027-28
Key Data Snapshot
What happened
- Tube Investments of India announced unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
- The company reported a profit after tax of Rs. 188.16 crore for the quarter.
- The Board approved a capital expenditure proposal of up to Rs. 83 crore to enhance capacity for Cold Rolled Steel Strips at the Avadi manufacturing facility.
- Project funding will primarily come from internal accruals.
- Expected completion of the capacity enhancement is in the fiscal year 2027-28.
Key details
- Total revenue from operations during Q2 was Rs. 2,710.49 crore.
- Profit before tax for the quarter was Rs. 253.16 crore.
- Capacity enhancement aims to meet increased demand, although exact capacity increase depends on product mix.
- Board meeting was held on 5th November 2026, starting at 11:40 AM and concluding at 1:01 PM.
- Financial results were reviewed by Price Waterhouse Chartered Accountants LLP and published according to SEBI Listing Regulations.
Regulatory and governance context
- Financial results were prepared in line with Indian Accounting Standard 34 (Ind AS 34) and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Price Waterhouse Chartered Accountants LLP conducted a limited review and issued an unmodified conclusion on the financial results.
- An extract of the results along with a QR code will be published in English and Tamil newspapers as required under SEBI regulations.
Highlights
- Rs. 188.16 crore profit after tax reported in Q2 ended September 30, 2026
- Total revenue from operations for Q2: Rs. 2,710.49 crore
- Board approved Rs. 83 crore capital expenditure for manufacturing capacity enhancement
- Project pertains to Cold Rolled Steel Strips (CRSS) manufacturing facility at Avadi
- Capacity enhancement funded mainly through internal accruals
- Project expected completion by fiscal year 2027-28
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Indian Accounting Standard 34 (Ind AS 34)
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