Tube Investments of India, part of the Murugappa Group, plans to invest ₹170 crore in expanding its fine blanking products business. The company has approved a capital expenditure of ₹170 crore to boost its production capacity and service capabilities. This investment will fund both greenfield and brownfield expansion projects, including the development of a new facility in western India and the expansion of an existing one in southern India. The project is expected to be funded through internal accruals and is slated for completion by FY26.
The company, a leading player in the fine blanking products sector, noted that it is difficult to specify the exact capacity increase at this time, as the expansion aims to enhance in-house capabilities and broaden the product range.
In addition to the expansion news, Tube Investments’ board declared an interim dividend of ₹2 per share for FY25.
For the quarter ending December 31, 2024, Tube Investments reported a standalone profit after tax of ₹161 crore, a slight increase from ₹157.5 crore in the same period last year. Revenue from operations rose to ₹1,910 crore, up from ₹1,898 crore.
The engineering division experienced a decline in revenue, reporting ₹1,212 crore compared to ₹1,229 crore last year. Meanwhile, the metal-formed products division saw growth, with revenue rising to ₹400 crore from ₹392 crore. The mobility division’s revenue decreased to ₹142 crore from ₹147 crore.
Profit before tax (after exceptional items) increased to ₹212 crore from ₹210 crore. The company’s consolidated revenue for the quarter was ₹4,812 crore, up from ₹4,197 crore. Consolidated profit (before share of profit from associates/joint ventures, exceptional items, and tax) stood at ₹427 crore, compared to ₹395 crore in the previous year.
Tube Investments of India Ltd, a Murugappa Group company, is a diversified manufacturer with a strong presence in various sectors such as engineering, automotive, and metal products. Headquartered in Chennai, TII is recognized for its expertise in manufacturing precision steel tubes, aluminium products, and automotive components.
The company has a history of innovation and excellence, focusing on the growing demand for automotive HVAC systems, and has made strategic moves to expand its portfolio in this sector. Tube Investments is committed to diversifying its business, enhancing its capabilities, and tapping into new growth areas to align with India’s expanding automotive and infrastructure market.
