Tube Investments of India Ltd
Tube Investments of India Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
2 of 4 strong
Not discussed on this call: order book.
The short version
Engineering segment volume grew 17% in Q1; demand environment expected to stay bullish for next 1-2 quarters with double-digit export growth (Page 13-14). - Cycle business had strong volume growth, capitalizing on seasonal demand; margin improvement expected to continue (Page 10). - EV business showing improving traction with highest ever turnover of ~Rs. Engineering segment expects continued bullish demand for the next 1-2 quarters with volume growth of 17% in Q1 and exports contributing about 14% of revenue; margin recovery expected post steel price hikes.
From Tube Investments of India Ltd's Q1 FY27 earnings-call transcript · updated 15 Sept 2026.
Revenue & Sales Performance
- Engineering segment volume grew 17% in Q1; demand environment expected to stay bullish for next 1-2 quarters with double-digit export growth (Page 13-14).
- Cycle business had strong volume growth, capitalizing on seasonal demand; margin improvement expected to continue (Page 10).
- EV business showing improving traction with highest ever turnover of ~Rs. 240 Crores in Q1 and some segments expected to break even this year or next (Page 8-9, 14).
- E-mobility segment volumes improving: three-wheeler (1,924 units Q1), small commercial vehicles, and heavy commercial vehicles showing growth (Page 7, 14).
- Medical business expects 20% YoY growth supported by an acquisition starting contribution from Q2 (Page 4-5).
- Expansion plans include increasing capacity in CDMO, additive manufacturing, and battery assembly for internal and external sales (Page 5-6, 14).
- Pre-booking and price locking strategy to mitigate expected cell price inflation in battery business (Page 14).
Profitability & Margins
See what Tube Investments of India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Tube Investments plans approximately Rs. 350 Crores capex for the current financial year in the standalone business.
- Shanthi Gears expects around Rs. 100 Crores capex in the current financial year.
- The group as a whole anticipates total capex between Rs. 600 to 700 Crores.
- Rs. 250 Crores infusion was done in Q4 FY2026 into new ventures/subsidiaries, with another Rs. 250 Crores infusion expected in Q3 FY2027, totaling about Rs. 750 Crores over time.
- Strategic investments include acquisition of a small startup in additive manufacturing (metal injection molding) under "Orange Koi," aiming to develop new capabilities and scale it up after initial market study.
- TI Medical business is expanding via a small acquisition (Medicura) aiming to start revenue generation from Q2 FY2027.
- Jayem is diversifying into battery manufacturing with a new battery assembly line set up, expanding beyond design and development services.
Top-ranked in Auto Components
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Tube Investments of India Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- In Heavy Commercial Vehicles (HCV), the 28-ton tipper was introduced in Q1 with 20-25 units sold and positive initial feedback. However, the market is shifting towards 35-ton and higher category tippers, which TI is developing.
- The existing confirmed order book primarily focuses on 4x2 tractor trailers, with supply chain challenges, including battery cell availability, being managed to service this order book.
- Port-related order deployments include 22 trucks for Welspun at Anjar port (Gujarat), single-digit truck deployments at Vizag and Chennai ports, and multi-port orders for Wonder Cement involving Tuna and Dahej ports.
- Continued seeding and testing of L3 auto products in selected markets (UP and Bihar) is ongoing, with further decisions based on market feedback.
- The EV segment expects breakeven for some businesses this year, with others targeted next financial year, indicating growing order visibility.
- Export markets like Nepal show positive initial receptions, with 100+ units shipped, supporting future demand.
Tube Investments of India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹6.2K Cr, net profit ₹234 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Tube Investments of India Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Tube Investments of India Ltd Q1 FY27 results?
Engineering segment volume grew 17% in Q1; demand environment expected to stay bullish for next 1-2 quarters with double-digit export growth (Page 13-14). - Cycle business had strong volume growth, capitalizing on seasonal demand; margin improvement expected to continue (Page 10). - EV business showing improving traction with highest ever turnover of ~Rs. Engineering segment expects continued bullish demand for the next 1-2 quarters with volume growth of 17% in Q1 and exports contributing about 14% of revenue; margin recovery expected post steel price hikes.
What is Tube Investments of India Ltd share price analysis?
Tube Investments of India Ltd currently shows a below-average growth signal. The stock trades at a P/E of 80.5 with a market cap of ₹50,447 Cr. Investors should review the full earnings analysis for detailed insights.
Is Tube Investments of India Ltd planning capital expenditure?
Tube Investments plans approximately Rs.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.