Murugappa group’s Tube Investments of India Ltd (TII) has posted 17% growth in its standalone net profit for the December quarter at ₹189 crore over the corresponding period last year.
Revenue from operations stood at ₹2,152 crore compared with ₹1,910 crore, of which Engineering division accounted for ₹1,438 crore, Metal Formed Products division ₹408 crore, Mobility division ₹183 crore and other businesses ₹214 crore.
The net profit included an exception item of ₹15 crore due to the impact of New Labour Code. Free cash flow for the quarter was ₹248 crore.
Tll’s consolidated revenue for the quarter rose 21% to ₹5,801 crore from ₹4,812 crore, while net profit declined marginally to ₹279 crore.
CG Power and lndustrial Solutions Ltd, a subsidiary company, in which the company holds 56.29% stake, registered a consolidated revenue of ₹3,175 crore against ₹2,516 crore.
Shanthi Gears Ltd., a subsidiary company in the Gears Business, in which the Company holds 70.46% stake, registered a revenue of ₹117 crore (₹158 crore).
The board declared an interim dividend of ₹2 per share for FY26. February 10 has been fixed as record date for this purpose.
CG Power subsidiary CG Semi Pvt. Ltd has received government grant of ₹361 crore from the Centre for setting up Outsourced Semiconductor Assembly and Test facility.