Murugappa Group engineering company Tube Investments of India (TII) has reported a 39 per cent growth in consolidated net profit to ₹420 crore for the quarter ended September 2026 (Q2 FY27). Tll’s consolidated revenue for the quarter was ₹7,330 crore as against ₹5,523 crore in the corresponding quarter of the previous year.
On a standalone basis, net profit was flat at ₹188 crore for Q2 FY27. Standalone revenue in Q2 was at ₹2,710 crore as against ₹2,119 crore in the same period previous year. Consolidated financials of TII include its key subsidiaries CG Power and lndustrial Solutions and Shanthi Gears.
CG Power, in which the company holds a 56.27 per cent stake, reported consolidated revenue of ₹3,802 crore during the quarter, up from ₹2,923 crore in the corresponding quarter of the previous year. Shanthi Gears, in which TII holds a 73.16 per cent stake, registered revenue of ₹128 crore during the quarter as against ₹132 crore in the corresponding quarter of the previous year.
According to a TII statement, the engineering segment’s quarterly revenue was ₹1,828 crore, up from ₹1,382 crore in the corresponding quarter of the previous year. Revenue from the Metal Formed Products segment also rose to ₹473 crore, up from ₹408 crore in the corresponding quarter of the previous year. The Mobility division also did well, with revenue rising 27 per cent to ₹247 crore.
TII also informed exchanges that its Board has approved a capital expenditure proposal for its engineering division. The Board has approved capex not exceeding ₹83 crore to enhance capacity at the existing Cold Rolled Steel Strips (CRSS) manufacturing facility in Avadi to meet rising demand, it said. The project is said to be primarily funded through internal accruals and is expected to be completed in FY28. The exact capacity addition cannot be determined at this stage, TII said.
Shares of TII closed the trading day at ₹2,300, up 2.20 per cent on the NSE.
Published on November 5, 2026
