Tube Investments of India (TIINDIA) Q4 25/26 earnings summary

Executive summary

• Board approved audited standalone and consolidated Q4 and FY26 results, recommending a final dividend of ₹1.50/share after an interim dividend of ₹2/share paid in February 2026, totaling ₹3.50/share for FY26.

• Standalone Q4 revenue rose to ₹2,279 Cr (from ₹1,957 Cr YoY); FY26 revenue reached ₹8,556 Cr (vs ₹7,893 Cr YoY).

• Consolidated Q4 revenue was ₹6,215 Cr (up from ₹5,150 Cr YoY); FY26 consolidated revenue was ₹22,847 Cr (vs ₹19,465 Cr YoY).

• Market capitalization grew at a 36% CAGR, reaching ₹72,267 Cr by March 2026.

• Diverse business segments include engineering, metal formed products, mobility, and industrial chains, with significant investments in electric mobility and medical devices.

Financial highlights

• Standalone Q4 PBT before exceptional items was ₹361 Cr (vs ₹327 Cr YoY); FY26 PBT was ₹1,099 Cr (vs ₹975 Cr YoY).

• Standalone Q4 PAT: ₹284 Cr; FY26 PAT: ₹827 Cr.

• Free cash flow for FY26 was ₹826 Cr, equaling 100% of PAT.

• ROIC for FY26 stood at 44%, unchanged YoY.

• CG Power (subsidiary) Q4 revenue: ₹3,442 Cr (vs ₹2,753 Cr YoY), PBT: ₹490 Cr (vs ₹384 Cr YoY); FY26 revenue: ₹12,418 Cr, PBT: ₹1,662 Cr.

Outlook and guidance

• Management remains bullish on volume growth despite macro and commodity headwinds; expects cost recovery through contracts and cost reduction initiatives.

• Focus on expanding electric mobility through subsidiaries and new product launches.

• Continued investments in technology, capacity enhancement, and global market reach.