Tube Investments of India Reports Q4 PBT of ₹880 Crore, Recommends ₹1.50 Final Dividend

Tube Investments of India Limited (TII) announced a profit before tax (PBT) of ₹880 crore for the fourth quarter ended March 31, 2025. The Board of Directors, which met on May 15, has recommended a final dividend of ₹1.50 per share for the financial year 2024-25, bringing the total dividend to ₹3.50 per share including the interim dividend of ₹2 paid in March.

The company's standalone revenue for Q4 remained stable at ₹1,957 crore compared to ₹1,962 crore in the same quarter of the previous year. For the full year, revenue increased to ₹7,893 crore from ₹7,611 crore in FY 2023-24.

During the quarter, TII recognized a fair value gain of ₹569 crore in its profit and loss statement relating to investments in Compulsorily Convertible Preference Shares (CCPS) of TI Clean Mobility Private Limited. PBT before exceptional items and CCPS fair value gain for Q4 was ₹327 crore compared to ₹318 crore in the corresponding quarter last year.

The Engineering segment posted quarterly revenue of ₹1,229 crore, down from ₹1,276 crore in the previous year's corresponding quarter, with profit before interest and tax at ₹142 crore compared to ₹160 crore a year ago. Metal Formed Products generated ₹403 crore revenue and ₹39 crore profit, while the Mobility segment showed improvement with ₹181 crore revenue and a ₹4 crore profit against a ₹9 crore loss in the previous year's quarter.

On a consolidated basis, TII reported revenue of ₹5,150 crore for Q4, up from ₹4,490 crore in the same period last year. Consolidated profit before share of associate/joint ventures, exceptional items, and tax stood at ₹342 crore, compared to ₹405 crore in the previous year's quarter.

CG Power and Industrial Solutions Ltd, a 58% subsidiary of TII, contributed ₹2,753 crore to quarterly consolidated revenue with a profit before tax of ₹384 crore. Shanthi Gears Ltd, another subsidiary in which TII holds 70% stake, generated revenue of ₹153 crore with ₹31 crore profit before tax.

The company reported a return on invested capital (ROIC) of 44% for the year, compared to 54% in the previous year. Free cash flow for the year was ₹397 crore, representing 55% of profit after tax (excluding fair value gain).

Tube Investments of India is part of the 124-year-old Murugappa Group, a ₹77,881 crore conglomerate with diverse business interests in agriculture, engineering, and financial services. The Group has nine listed companies and employs over 83,500 people across its various businesses.