Tube Investments of India Q2 FY27: PAT ₹461 Cr & Rev ₹6,215 Cr

Investor Takeaways

Consolidated revenue reached ₹6,215 crores in Q1 FY2027, up from ₹5,309 crores YoY.

Engineering segment revenue was ₹1,566 crores, driven by 17% volume growth across HCV trucks, tractors, and three-wheelers.

Annualized ROIC stood at 41% with PBT of ₹213 crores.

Margin recovery expected in double digits post-price hikes to offset steel inflation pressures.

EV segment progress accelerating with breakeven expected in current and next financial years.

Overall Tone: Neutral

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹6,215 Cr	+17%
Net Profit	₹461 Cr	N/A
EBITDA	N/A	N/A
EPS	[amount context mismatch]	N/A
OPM	10.2%	N/A

What Changed

The filing highlights consolidated revenue growth to ₹6,215 crores in Q1 FY2027 from ₹5,309 crores YoY, reflecting strong demand in the engineering segment. Engineering revenue reached ₹1,566 crores, supported by 17% volume growth across HCV trucks, tractors, and three-wheelers. Annualized ROIC was 41% with PBT of ₹213 crores. Margin pressures from steel inflation are anticipated to ease with implemented price hikes, enabling double-digit margin recovery. Subsidiaries CG Power and Shanthi Gears delivered strong results, while the EV segment advanced toward breakeven in the current and next financial years. Capex of ₹350 crores is planned for TI and ₹100 crores for Shanthi Gear.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
TIINDIA	47.39	N/A	N/A	55,168.37
TVSMOTOR	393.51	N/A	N/A	8,23,516
MARUTI	27.84	15.51%	19.82%	4,15,671.64
M&M	22.17	20.41%	14.57%	3,88,366.49

TIINDIA's P/E ratio of 47.39 is higher than MARUTI (27.84) and M&M (22.17), but lower than TVSMOTOR (393.51). The company's ROE and ROCE were not provided in the fundamentals.

Risks & Concerns

No specific risks identified in the filing. Margin recovery is contingent on price hikes offsetting steel inflation, which may face execution challenges or market resistance.

Quarterly Trend

Quarter	Revenue (₹ Cr)	Net Profit (₹ Cr)	OPM%
Q3FY25	4,812.22	280.15	10.2%
Q2FY25	4,924.55	299.17	9.96%
Q1FY25	4,577.92	313.65	11.54%
Q4FY24	4,490.11	271.31	10.05%

The latest quarter (Q1 FY2027) shows revenue of ₹6,215 crores, significantly higher than the previous quarter's ₹4,812.22 crores (Q3FY25), indicating a substantial sequential increase. Net profit for Q1 FY2027 is ₹461 crores, compared to ₹280.15 crores in Q3FY25. OPM for Q3FY25 was 10.2%, while the latest quarter's OPM is not explicitly stated but inferred to be higher given the ₹461 crores net profit on ₹6,215 crores revenue (approximately 7.4% OPM, though not directly provided). The filing does not specify the OPM for Q1 FY2027, so it is not included in the table. The quarterly trend shows improving profitability in earlier quarters, with Q1FY25 having the highest OPM at 11.54%.

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About Tube Investments of India Limited (TIINDIA)

Capital Goods · Capital Goods-Non Electrical Equipment · Listed on NSE

Market Cap: ₹53,763.6 Cr P/E: 88.6 ROE: 14.3% ROCE: 23.6% Div Yield: 0.13%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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