News ArticleTube Investments of India Posts Rs. 188.16 Crore Net Profit in Q2 FY 2026-27, Approves Rs. 83 Crore Project to Expand CRSS Capacity
Board approves capital expenditure for Avadi facility capacity enhancement expected by FY 2027-28 alongside release of unaudited financial results for quarter and half year ended September 30, 2026
Tube Investments of India Limited announced its unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2026, including a net profit after tax of Rs. 188.16 crore for Q2. The company also approved a Rs. 83 crore capital expenditure for capacity enhancement of Cold Rolled Steel Strips at its Avadi facility, expected to complete by FY 2027-28.
Tube Investments of India Limited
General / Other
Tube Investments of India Limited released its unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2026, reporting a net profit after tax of Rs. 188.16 crore for the quarter. Additionally, the company’s Board approved a capital expenditure of up to Rs. 83 crore to expand capacity in its Cold Rolled Steel Strips manufacturing at Avadi, targeting FY 2027-28 completion.
The financial results include total revenue from operations of Rs. 2,710.49 crore for the quarter ended September 30, 2026, with profit before tax at Rs. 253.16 crore. The profit after tax amounted to Rs. 188.16 crore on a standalone basis for the same period.
The capacity expansion project in the engineering division aims to meet rising demand, involving investments not exceeding Rs. 83 crore mainly funded via internal accruals. The project focuses on the Cold Rolled Steel Strips manufacturing facility located at Avadi, Chennai, with completion expected during the fiscal year 2027-28.
The exact increase in manufacturing capacity depends on product mix variations and thus remains undetermined at this stage, according to the Board’s disclosure.
The financial results were reviewed by Price Waterhouse Chartered Accountants LLP and prepared in accordance with Indian Accounting Standards under SEBI Listing Regulations. The company’s results and drawings are also published on its website.
Highlights
- Net profit after tax of Rs. 188.16 crore in Q2 ended September 30, 2026.
- Total revenue from operations reported at Rs. 2,710.49 crore for Q2.
- Board approved capital expenditure of up to Rs. 83 crore for expanding Cold Rolled Steel Strips manufacturing capacity.
- Project to be funded primarily through internal accruals, expected completion in FY 2027-28.
- Exact capacity enhancement depends on product mix and is currently undetermined.
- Financial results reviewed and limited reviewed by Price Waterhouse Chartered Accountants LLP.
Key Data Snapshot
What happened
- Tube Investments of India disclosed unaudited standalone and consolidated financial results for Q2 and H1 ended 30th September 2026.
- Reported standalone net profit after tax of Rs. 188.16 crore for the quarter.
- Board approved a capital expenditure plan up to Rs. 83 crore for capacity enhancement in the Cold Rolled Steel Strips manufacturing facility at Avadi.
- The capacity expansion project is funded through internal accruals and expected to complete by FY 2027-28.
- Actual capacity increase will depend on product mix and is not quantified at this time.
Financial performance
- Total revenue from operations for quarter ended 30th September 2026 was Rs. 2,710.49 crore.
- Profit before tax stood at Rs. 253.16 crore in the same quarter.
- Basic and diluted earnings per share for the quarter were Rs. 9.72 and Rs. 9.71 respectively.
- The financial results comply with Indian Accounting Standards and SEBI Listing Obligations regulations.
- The results were reviewed by Price Waterhouse Chartered Accountants LLP with no material misstatements noted.
Funding and capital details
- Rs. 83 crore capital expenditure approved for capacity expansion in the engineering division’s CRSS facility.
- The project is financed primarily through the company’s internal accruals.
- No external financing has been reported for the project as per disclosures.
- The timeline for completion is set for the fiscal year 2027-28.
Regulatory and governance context
- Financial statements prepared under Indian Accounting Standard 34 (Interim Financial Reporting).
- Results disclosed according to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Limited review conducted by Price Waterhouse Chartered Accountants LLP, providing moderate assurance on the results.
- No material misstatements or exceptional items disclosed affecting the current period results.
Highlights
- Net profit after tax of Rs. 188.16 crore in Q2 ended September 30, 2026.
- Total revenue from operations reported at Rs. 2,710.49 crore for Q2.
- Board approved capital expenditure of up to Rs. 83 crore for expanding Cold Rolled Steel Strips manufacturing capacity.
- Project to be funded primarily through internal accruals, expected completion in FY 2027-28.
- Exact capacity enhancement depends on product mix and is currently undetermined.
- Financial results reviewed and limited reviewed by Price Waterhouse Chartered Accountants LLP.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Indian Accounting Standard 34 (Interim Financial Reporting)
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