Murugappa Group’s engineering company Tube Investments of India reported a 16% year-on-year growth in consolidated revenue for the quarter ended June at ₹5,309 crore compared with ₹4,578 crore in the same quarter last year. All business segments – engineering, metal formed products and mobility – contributed to the growth.
Despite the revenue growth, the net profit for the quarter (attributable to the owners) declined 4 per cent year-on-year to ₹303 crore from ₹316 crore a year ago.
This was due to a 18 per cent YoY rise in total expenses, which climbed to ₹4,932 crore in Q1FY26 compared to ₹4,172 crore in Q1 FY25.
Engineering business revenue for the quarter was Rs. 1,298 Cr compared with ₹1,265 Cr in the corresponding quarter of the previous year.
Quarterly revenue for the metal formed products segment stood at ₹366 Cr in Q1FY26 compared to ₹358 Cr in the same quarter last year. The mobility business’ revenue saw 9 per cent YoY growth at ₹198 crore.
CG Power and lndustrial Solutions , a subsidiary company, in which Tube Investments holds 58 per cent stake, registered a consolidated revenue of ₹2,878 Cr during the quarter as against ₹2,228 Cr in the corresponding quarter of the previous year.
Another subsidiary, Shanthi Gears, in which the Company holds 70.46 per cent stake, registered a revenue of ₹135 Cr during the quarter as against ₹139 Cr in the corresponding quarter of the previous year.
The shares of Tube Investments ended the trading day at ₹2796.95, down around 1.5 per cent on the BSE.
Published on August 1, 2025
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