News ArticleTube Investments of India Posts Rs. 346.74 Crore Profit After Tax for Q2 2026 and Approves Rs. 83 Crore Capacity Expansion in Cold Rolled Steel
Company's Board approves capital expenditure for CRSS facility upgrade at Avadi, targeting FY 2027-28 completion amid strong quarterly performance
Tube Investments of India Limited announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, reporting a profit after tax of Rs. 346.74 crore for the quarter. The company also approved an Rs. 83 crore capital expenditure to enhance capacity of its Cold Rolled Steel Strips manufacturing facility at Avadi, expected to be completed by FY 2027-28. The financial results and expansion plans reflect operational and strategic developments for the period.
Tube Investments of India Limited
Financial Results
Tube Investments of India Limited reported a profit after tax of Rs. 346.74 crore for the quarter ended September 30, 2026, and approved an Rs. 83 crore capital expenditure to enhance Cold Rolled Steel Strips manufacturing capacity at its Avadi facility, expected to complete in fiscal year 2027-28.
The company announced its unaudited standalone and consolidated financial results as per SEBI regulations, with detailed review reports by Price Waterhouse Chartered Accountants LLP confirming compliance with Indian Accounting Standards.
For the quarter ended September 30, 2026, revenue from operations stood at Rs. 2,556.88 crore with total income of Rs. 2,741.04 crore. Expenses for the quarter were reported as Rs. 2,487.88 crore, yielding a profit before tax of Rs. 253.16 crore.
The Board approved a capital expenditure proposal not exceeding Rs. 83 crore, aimed at capacity enhancement of the Cold Rolled Steel Strips manufacturing line at Avadi to meet increased demand. The project will be primarily funded through internal accruals and is expected to be completed by fiscal 2027-28, though exact capacity increase is dependent on product mix.
Price Waterhouse Chartered Accountants LLP performed a review of the interim financial information, and issued an unmodified conclusion confirming there were no material misstatements and that the results comply with the applicable accounting principles.
Highlights
- Profit after tax for Q2 ended September 30, 2026 was Rs. 346.74 crore on a standalone basis.
- Revenue from operations for the quarter was Rs. 2,556.88 crore.
- Capital expenditure up to Rs. 83 crore approved for Cold Rolled Steel Strips capacity enhancement at Avadi plant.
- Project funding will be primarily from internal accruals with expected completion by FY 2027-28.
- Financial results reviewed and confirmed by Price Waterhouse Chartered Accountants LLP without material qualification.
Key Data Snapshot
What happened
- Tube Investments of India announced unaudited standalone and consolidated financial results for Q2 and H1 ended September 30, 2026.
- Reported profit after tax of Rs. 346.74 crore for the quarter ended September 30, 2026.
- Board approved Rs. 83 crore capital expenditure for capacity enhancement at Cold Rolled Steel Strips facility in Avadi.
Key details
- Revenue from operations for Q2 2026 was Rs. 2,556.88 crore with total income of Rs. 2,741.04 crore.
- Total expenses for the quarter were Rs. 2,487.88 crore.
- Capacity enhancement project to be funded primarily through internal accruals.
- The actual increase in capacity depends on product mix and is not fully determined yet.
- Price Waterhouse Chartered Accountants LLP reviewed the financial results and found no material misstatements.
Regulatory and governance context
- Results have been prepared following SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Indian Accounting Standard 34 for Interim Financial Reporting.
- Limited review reports by statutory auditors confirmed compliance and absence of material misstatement.
- An extract of the financial results along with QR code will be published in English and Tamil newspapers as mandated.
Highlights
- Profit after tax for Q2 ended September 30, 2026 was Rs. 346.74 crore on a standalone basis.
- Revenue from operations for the quarter was Rs. 2,556.88 crore.
- Capital expenditure up to Rs. 83 crore approved for Cold Rolled Steel Strips capacity enhancement at Avadi plant.
- Project funding will be primarily from internal accruals with expected completion by FY 2027-28.
- Financial results reviewed and confirmed by Price Waterhouse Chartered Accountants LLP without material qualification.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Indian Accounting Standard 34
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