Tube Investments Revenue Surges 20% in Q4, Approves ₹350 Crore Borrowing

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AuthorAkshat Lakshkar|Published at:
Tube Investments Revenue Surges 20% in Q4, Approves ₹350 Crore Borrowing
Overview

Tube Investments of India (TII) posted a strong Q4 FY26 with revenue up 20% to ₹6,215 crore, largely fueled by its subsidiary CG Power. Full-year revenue climbed 17% to ₹22,847 crore. The company's board also greenlit up to ₹350 crore in long-term borrowing for FY27 funding.

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The robust performance was significantly boosted by CG Power and Industrial Solutions, in which TII holds a 56% stake. CG Power's own consolidated revenue for the year surged 25% to ₹12,418 crore, demonstrating strong operational momentum.

Divisional Performance Insights

While CG Power excelled, Shanti Gears, another TII subsidiary with a 70% holding, experienced a revenue dip to ₹519 crore for FY26, down from ₹605 crore in the prior year. TII's core engineering segment also saw growth, with revenue rising to ₹5,612 crore and profit before interest and tax increasing to ₹689 crore. The mobility business contributed ₹783 crore in revenue.

Funding and Shareholder Returns

To support its future funding needs for fiscal year 2027, TII's board has sanctioned long-term borrowing of up to ₹350 crore. This facility could be utilized through term loans or privately placed secured non-convertible debentures. Furthermore, the board recommended a final dividend of ₹1.50 per share for FY26, signaling a commitment to shareholder returns alongside expansionary plans. Tube Investments shares closed nearly flat at ₹2,938.05 on the BSE.

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