Tube Investments of India Ltd (BOM:540762)

Q2 2026 Tube Investments of India Ltd Earnings Call Transcript

Nov 5, 2025 / 11:00 AM GMT

Transcript

Key Points

Positve

Tube Investments of India Ltd (NSE:TIINDIA) reported a revenue growth of 11.5% year-on-year for Q2 2026, with revenue reaching 2,119 crores compared to 2,065 crores in the previous year.
The company's mobility business, particularly the bicycle segment, showed significant improvement with revenue increasing to 194 crores from 168 crores, and a turnaround from a loss to a profit in PBIT.
The engineering division experienced a 10% volume growth year-on-year, indicating strong demand and operational efficiency.
The company maintained a strong market share in industrial chains, holding close to 50% of the market, which is a positive indicator of its competitive position.
Tube Investments of India Ltd (NSE:TIINDIA) has a robust capacity utilization rate of 80-85%, with new plants starting commercial production, ensuring future growth potential.

Negative

The metal formed products division showed stagnant growth year-on-year, with revenue remaining flat compared to the previous year.
Exports, particularly to the US, faced a slowdown due to increased tariffs, impacting the company's overall export performance.
The medical division has experienced flat revenue growth over the past few quarters, indicating challenges in market expansion or product adoption.
The railway business is facing delays, with expected revenue contributions pushed back by a quarter due to supply chain issues.
The electric vehicle segment, particularly three-wheelers, showed slower than expected growth, with only a 2% increase year-on-year, highlighting challenges in market penetration.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TBEI.NS - Tube Investments of India Ltd
Q2 2026 Tube Investments of India Ltd Earnings Call
Nov 05, 2025 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Tube Investments Q2fifi 26 earnings call hosted by IIFL Capital Services Limited.

All participants are currently in less only mode.

There will be an opportunity to ask questions following the conclusion of the management's opening remarks.

Please note that this conference is being recorded.

I now hand the conference over to Mr. Joseph George from IIFL Capital.

Thank you and over to you, sir.

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Unidentified_2 [2]
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Thank you, Inba. On behalf

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