Tube Investments of India Ltd announced its Q1 results for FY26, showing a mixed performance. While revenue grew 16% year-on-year to ₹5,309 crore from ₹4,578 crore, the company reported a decline in net profit by 12.3%, falling to ₹199 crore compared to ₹227 crore in the same quarter last year.
EBITDA for the quarter stood at ₹546 crore, a modest rise of 2.7% from ₹532 crore a year ago. However, operating margins slipped to 10.3%, down from 11.6% YoY, indicating rising costs or a shift in product mix affecting profitability.
In the meantime, Tube Investments shares traded in a narrow range today, opening at ₹2,846.90 and touching an intraday high of ₹2,847.70 before slipping to a low of ₹2,800.20. The stock had closed at ₹2,840.70 in the previous session. Despite the minor movement, the stock remains well above its 52-week low of ₹2,407.10 but significantly below its 52-week high of ₹4,810.80.
