Net profit for the quarter, however, declined 12.3% year-on-year to ₹199 crore from ₹227 crore a year ago, even as operating performance remained relatively steady.
EBITDA rose 2.7% year-on-year to ₹546 crore, up from ₹532 crore in the same quarter last year. However, the EBITDA margin declined to 10.3% from 11.6%, indicating the impact of rising costs.Total expenses climbed to ₹4,931.5 crore compared to ₹4,172.16 crore in Q1 FY25, marking an increase of over 18% year-on-year.
Also Read: Godrej Properties Q1 Results: Management says on track to meet or exceed FY26 guidance
Among subsidiaries, CG Power, in which Tube Investments holds a 58% stake, reported a revenue of ₹2,878 crore, up from ₹2,228 crore, and profit before tax of ₹364 crore. Shanthi Gears posted a slight dip in revenue at ₹135 crore, but pre-tax profit improved to ₹31 crore.
The company’s engineering business clocked ₹1,298 crore in revenue up from ₹1265 crore, while the metal formed products, mobility and others verticals also posted moderate gains. Annualised ROIG stood at 39%, compared to 47% in the same quarter last year.
Also Read: L&T bags ₹2,500–5,000 cr order from Hindustan Zinc for Rajasthan smelter upgrade
At 2:26 PM, shares of Tube Investments of India were trading at ₹2,815.70, down 0.88% on the NSE.
