Interim report
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INDIA 5th November 2025 National Stock Exchange of lndia Ltd Exchange Plaza, Sth Floor Plot No. C/1, G Block Bandra-Kurla Complex Bandra (E), Mumbai400 051 Tube Investments of lndia Limited "Chola Crest'i No. C54-55 & Super B-4, Thiru - Vi - Ka lndustrial Estate, Guindy, Chennai-600 032. Tel: 91 44 4217 777 0-5 Email:tli-secretarial@tii.murugappa.com Website: www.tiindia.com CIN: 1351 00TN2008P1C069496 BSE Ltd 1st Floor New Trading Ring, Rotunda Building P J Towers, Dalal Street Fort Mumbai400 001 Scrip Svmbol: TllNDlA Dear Sirs, Securitv Code: 540762 Sub: Outcome of Board meetinq - lSlN 1NE974X01010 We write to inform that at the meeting held today (5th November 2025), the Board of Directors of the Company has approved the following: 1. Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September 2025: Further to our letter dated 24th October 2025, we write to inform that the unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September 2025 in the format specified under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), together with a copy of the Limited Review Reports of M/s. S R Batliboi & Associates LLP, Chartered Accountants, Statutory Auditors of the Company are enclosed for your records. The aforesaid Unaudited Financial Results are also being uploaded on the Company's website www.tiindia.com. An extract of the aforesaid Unaudited Financial Results, in the manner prescribed underthe SEBI Listing Regulations, along with a Quick Response (QR) code, will be published in English and Tamil newspapers within the stipulated time. A copy of the press release made with regard to the said unaudited financial results for the quarter and half year ended 30th September 2025 is enclosed. 2. Request received from M/s. Yanmar Coromandel Agrisolutions Private Limited seeking reclassification from 'Promoter and Promoter Group' category to 'Public Shareholder' category Further to our letter dated 17th September 2025, intimating the receipt of request for re-classification from M/s. Yanmar Coromandel Agrisolutions Private Limited ("YCAS"), a member belonging to the Promoter Group category to Public Shareholder category, we write to inform you that the request was placed before the Board of Directors of the Company at its meeting held today. The Board inter- a/ra considered the request made by YCAS and after analysing, has approved the same, subject to obtaining No Objection Certificate for the said #murugoPPq
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INDIA re-classification from the Stock Exchanges in terms of Regulation 31A of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. For your information, the Board meeting commenced at 11.50 A.M. and concluded at ?,.05 P.M. Please take the above on your record. Thanking you, Yours faithfully, For TUBE INVESTMENTS OF INDIA LIMITED tk"il,L S KRITH]KA COMPANY SECRETARY Encl *murugoPPq
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S.R. Benmot * AssoctATEs LLP Chrrtered Accountants 1Oth Floor, Tidel Park 'A" Block, North Wing No. 4, Rajiv Gandhi Salai Taramani, Chennai - 600 113 lndia Tel: +91 44 6LI7 90OO Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Tube Investments of India Limited We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Tube Investments of India Limited (the "Company") for the quarter ended September 30,2025 and year to date period from April 1, 2025 to September 30, 2025 attached herewith (the ooStaternent"), being submitted by the Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,20l5, as amended (the "Listing Regulations"). The Company's Management is responsible forthe preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 (lnd AS 34), "lnterim FinancialRepofting", prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in lndia and in compliance with Regulation 33 and 52 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act,20l3 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For S.R. Batliboi & Associates LLP Chartered Accountants ICAI Firm registration number: I 0l 049WE300004 2. J 4 per Aniruddh Sankaran Partner Membership No.: 2l I 107 UDIN: 2521 1 I 07BMMLBL2454 Place: Chennai Date:November 5,2025 A*e- S.R, Batllbol & Assoclates LLe a Llmlt€d Ltabillly partnership wtth LLp tdentity No. AAB-4295 Regd. Otflce:22, Camac Street, Btock,B,,3rd Floor, Kolkata-7OO 016 Chennai
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TUBE INVESTMENTS OF INDIA TIMITED Regd.Office: 'Chola Crest', C 54 & C 55, Super B-4, Thiru Vi Ka lndustrial Estate, Guindy, Chennai - 600 032 f el:91 44 42177770-5; Website: www,tiindia.com ; E-mail id: investorservices@tii.muruqaooa.com CIN : 135100TN 2008P1C059496 ne t 5.No. Particulars Quarter Ended Half Year Ended Year Ended 30-09-2025 30-06-202s 30-09-2024 30-09-202s 30-09-2024 3r-03-2025 (Unaudited) (Unaudited) {Unaudited) (Unaudited) (Unaudited) (Audited) 1 Revenue from Contract with Customets (a) Revenue from Operations (b) Other Ooeratina Revenues 2,001.05 777.90 1,892.48 114.L2 L,946.79 118.05 3,893.s4 232.02 3,788.67 236.4s 7,43L.40 461.13 Total Revenue from Operations 2,118.96 2.005.60 2,064,84 4,125.56 4,O25.L2 7,892.53 2 3 Other lncome Fair value Gain on Compulsorily Convertible Preference Shares (CCPS) in Subsidiary carried at FWPL (Refer Note 6) 20.51 2.40 23.44 26.09 43.95 2.40 39.76 207.47 569.00 4 Total lncome {1+2+31 2.L47.81 2,030.M 2,O90.93 4,t7L.9L 4,064.88 8,659.00 5 Expenses (a) Cost of Materials Consumed (b) Purchase of Stock-in-Trade (cy Changes in inventories of Finished Goods, Work-in-Progress and Stock-in-Trade (d) Employee Benefits Expense (e) Finance Costs (f) Depreciation and Amortisation Expense (g) Other Expenses L,22L.69 105.84 (s.60) L72.28 1.59 47.4L 348.22 1,170.35 174.r4 (3t,7rl L67,89 3.70 4s.03 338.s7 1,L3L.20 140.55 45.24 170.66 6.90 40,72 331.15 2,392,04 2r9.98 (37.31) 340.L7 5.29 92.44 686.79 2,265.50 255.09 24.87 332.6t L4.IL 79.27 647.58 4,4L2.0L s26.LI 12.80 679.52 24.7L 158.81 1,301.51 Total Expenses t,89L.4t t,8o7,97 t,866.42 3,599.40 3,629,03 7,125.47 6 Profit Before Exceptional ltems and Tax 14 - 5) 250.44 222.O7 224.5t 472.51 435.85 1.543.53 7 Exceptional ltems (Refer Note 3) {3.461 (19.13) 8 Profit Before Tax (6 + 7) 250.44 222.07 224.5r 472.5t 492,39 L,524,40 9 Tax Expense Current Tax (including tax pertaining to earlier years) Deferred Tax 62.O9 1.60 56.53 (2.55) 55.71 1.00 118.62 (0.95) 109.33 o.79 223.67 4.O7 Total 63.69 53.98 56.7L tt7,67 Llo.L2 227.74 10 Profit After Tax (8 - 9l 186.75 168.09 167.80 354.84 t22.27 1,296.66 T7 Other Comprehensive lncome (a) ltems not to be reclassified to profit or loss in subsequent periods Re-measurement Gain / (Loss) on Defined Benefit Obligations (Net) and Net Gain / (Loss) on Equity instruments through Other Comprehensive lncome lncome Tax Effect (bl ltems to be reclassified to profit or loss in subsequent periods Net movement on cash flow hedges lncome Tax Effect $.12], (1.20) 0.30 (1,121' lro.24l 2.58 12.42], (4.s8) 1.15 12.24',, lrl.44l 2.88 {4.84) (3.s7) 0.90 (3.ss) L.25 (0.3L Other Comprehensive lncome fot the period 12,o2l 18.781 {s.8sl 110.801 l7.s1l 12,511 12 Total Comprehensive income (10 + 11) t84,73 159.31 161.95 IM.M 314.76 1,294,O5 13 L4 15 15 L7 Paid-up Equity Share Capital (Face Value of {1 Each) Reserves and Surplus (i,e Other Equity) Networth Basic Earnings Per Share (in t) - Not Annualised in respect of quarterly / interim periods Diluted Earnings Per Share (in -) - Not Annualised in respect of quarterly / interim periods 19.35 9.55 9.65 19.3s 8.69 8.68 19.34 8.68 8.66 19.35 18.34 18.33 L9.34 L6.67 L6.64 19.35 5,r9r,29 5,2r0,64 67.03 55.98 ln For Tube lnvestments of lndia Limited CHENNAI Place: Chennai Date : 5th November 2025 ManaginB Director
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TUBE INVESTMENTS OF INDIA LIMITEO Regd.Office: 'Chola Crest', C 54 & C 55, Super B-4, Thiru Vi Ka lndustrial Estate. Guindy, Chennai - 600 032 Tel:914442177770-5; Website: www.tiindia.com; E-mail id: investorservices@tii.murugappa.com Cl N:135 100TN 2008P1C069496 Place : Chennai Date : Sth November 2025 For Tube lnvestments of lndia limited Mukesh Ahuja Managing Director S.No. Particulars 30-09-2025 30-06-202s 30-09-2024 30-09-2025 30-09-2024 31-03-2025 {Unaudited} Iunauditedl (Unaudited) (Unaudited) (Unaudited) (Audited) 1 SEGMENT REVENUE Engineering Metal Formed Products Mobility Others Un-allocable Operating lncome L,38L.61 407.86 L93.76 226.87 4.35 L,298.24 365.76 t98.4L 236.31 3.37 L,323.rr 404.38 167.52 243.25 3.15 2,679.8s 773.62 392.L7 463.18 7.72 2,588.30 762.00 348.25 490.16 6.30 5,O28.73 1,564.80 670.79 986.64 15.38 Total 2,214.45 2,to2.o9 2,14t.4t 4.316.54 4,195,01 8,266.34 Inter Segment Revenue (9s.49) t9s.49) 176.s7l (190.981 (16e.8e) (373.81) Total Revenue from Operations 2,tt8.96 2,006.50 z,Oil.84 4.t25.56 4,O25.12 7,892.53 2 SEGMENT RESUtTS Engineering Metal Formed Products Mobility Others L64.27 44.38 4.26 18.38 ts3.24 36.54 6.85 17.L3 L62.24 45.57 (0.36) 8.64 3L7.5L 80.92 11.11 35.51 3L9.2L 81.39 L.25 23.65 6t7.t2 161.06 4.76 47.80 fotal 231.29 213.76 2L6.O9 445.05 425.50 830.74 Finance Costs Exceptional ltems (Refer Note 3) Fair value Gain on Compulsorily Convertible Preference Shares (CCPS) in Subsidiary carried at FWPL (Refer Note 6) Other Net Un-allocable lncome / (Expense) and lnter Sesment Eliminations (1.ss) 2.40 L8.34 (3.70) 12.0t (6.s0) 15,32 (s.2s) 2.40 30.35 (14.11) (3.46) 24.46 (24.7r) (19.13) 569.00 168.50 Profit before Tax 250.44 222.O7 224.51 472.51 4t2.t9 1,524.40 3 SEGMENT ASSETS Engineering Metal Formed Products Mobility Others Other Un-allocable Assets lnter Segment Assets 2,40L.03 609.7t 218.s8 286.85 3,52s.00 (s9.13) 2,3rO.73 6L2.46 2L9.46 27s.9s 3,472.L0 ts8.95l 2,042.20 609.82 207.98 28r.66 2,674.Ot (s0.4s) 2,401.03 609.7L 218.58 286.8s 3,525.00 (s9.13) 2,042.20 609.82 207.98 281.66 2,674.0t (s0.4s) 2,t69.24 599,67 207.L6 284.46 3,384.05 (73.38) Total 6,982.O4 6,83t,74 5,765.22 6,982.04 5.765.22 6,57t.21 4 SEGMENT TIABITITIES Engineering Metal Formed Products Mobility Others Other Un-allocable Liabilities lnter Sesment Liabilities 872.82 246.82 136.89 130.3r. LT7,5L (ss.13) 777.8L 230.98 139.55 L32.09 135.05 (s8,96) 742.93 254.60 LL8.57 106.58 108.46 (s0.4s 872.82 246.82 136.89 130.31 LL7.5I (s9.13) 742.93 254.60 118.57 106.58 108.46 (s0.4s) 764.tL 22L.30 rLg.94 r37.2s 96.39 (73.38) Total t,445.22 t,356.52 1,280.69 t,445.22 1,280.69 L,265.6t 5 CAPITAT EMPTOYED (SEGMENT ASSETS - SEGMENT LTABTUTtES) Engineering Metal Formed Products Mobility Others Other Un-allocable Assets net of Liabilities 1,528.2t 362.89 81.59 156.54 3,407.49 L,532.92 381.48 79.9L t43.86 3.337.0s L,299.27 3ss.22 89.41 175.08 2.555.55 t,528.21, 362.89 81.59 156.54 3.407.49 t,299.27 355.22 89.4L 175.08 2.565.55 L,405.13 378.37 87.22 L47.2L 3,287.67 Total s,s36.82 5,475.22 4,484.53 s.536.82 4.484.53 5,305.60 CHENNAI
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TUBE INVESTMENTS OF INDIA TIMITED Regd.Office: 'Chola Crest', C 54 & C 55, Super B-4, Thiru Vi Ka lndustrial Estate, Guindy, Chennai - 600 032 Tel:97 44 42177770-5; Website: www.tiindia.com ; E-mail id: investorservices@tii.muiugappa.com Cl N: 135 100TN2008P1C069496 Unaudited Standalone Statement of Assets and Liabilities Place : Chennai Date : Sth November 2025 in lndia Limited Ahuja Particulars As at 30-Sep-2025 (Unauditedl As at 31-Mar-2025 (Audited) L,379.t2 61.95 L70.72 4.37 5.51 3,t74.56 6.56 25.39 4.25 12.83 29.8L r,25r.29 64.48 255.40 4.4L 6.20 3,L22.L6 6.44 25.6r o.42 19.16 35.44 4,875.O7 4,791.Ot 957.90 87.68 3.13 0.02 4.62 11.33 49.73 630.837L8.8t 148.16 t,086.2L 26.25 2.9s 0.06 13.63 115.15 2.11t.22 L.785.24 6.986.29 6.576.25 19.35 5,509.96 19.35 5,LgL.29 s.2ro.us,s29.31 47.56 46.63 49.00 38.78 94.19 87.78 75.90 r1.76 46.43 40.56 13.81 4.32 3s.79 L,L34.22 103.01 100,00 4.36 32.38 938.65 56.70 39.15 3.s8 t,277.83L,?62.19 ASSETS Non-Current Assets Property, Plant and Equipment Right-of-use assets Capital Work-in-Progress lnvestment Properties lntangible Assets Financial Assets (a) lnvestments in Subsidiaries, Joint venture and Associate (b) Other lnvestments (c) Other Financial Assets Deferred Tax Assets (Net) lncome Tax Asset (Net) Other Non-Current Assets Current Assets lnventories Financial Assets (a) lnvestments (b) Trade Receivables (c) Cash and Cash Equivalents (d) Bank Balances other than (c) above (e) Loans (f) Derivative lnstruments (C) Other Financial Assets Other Current Assets TOTAT ASSETS EqUlTYAND TIABITITIES Equity Equity Share Capital Other Equity Total Equity Non-Current [iabilities Financial Liabilities {a) Lease Liabilities Provisions Current [iabilities Financial Liabilities (a) Borrowings (b) Lease Liabilities (c) Trade Payables - total outstanding dues of micro enterprises and small enterprises - total outstanding dues of creditors other than micro enterprises and small enterprises (d) Other Financial Liabilities (e) Derivative lnstruments Other Current Liabilities Provisions Current Tax Liabilities (Net) TOTAT EQUITY AND TIABIIITIES 6.986.29 6,576.25 CHENNAI For Tube Managing Director
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TUBE INVESTMENTS OF INDIA LIMITED Regd.Office: 'Chola Crest', C 54 & C 55, Super B-4, Thiru Vi Ka lndustrial Estate, Guindy, Chennai - 600 032 Teli 91 44 42177770-5; Website: www.tiindia.com ; E-mail id: investorservices@tii.muruqappa.com CIN : 135100TN2008P1C069496 Unaudited Standalone Statement of Cash Flow for the Half Year Ended 30th 2025 Place : Chennai tn For Tube lnvestments of lndia l-imited Mukesh Ahuja Particulars Half-Year Ended 30-Sep-2025 lUnauditedl Half-Year Ended 30-Sep-2024 lUnauditedl 1.16 (1.31) s.29 (2.4o) .22.96]' 92,44 3.s0 (0.78) (2.s0) 4.48 472,5L 79.27 2.37 (0.s0) (s.4e) 0.s9 3.46 (1.s8) 0.83 L4,7I 432.39 (10.81 7.02 198,10 ( 1s.2e) l1o.27I o.22 (27.76], (128.141 (87.98) 549.43 6.24 (74.81], (6.s7) 24.66 ( 1.2e) (7.8s) (8s.77], 51.60 514.58 481.33 (102.06) 416.99 (109.s8) 379.27 307,4t 3.28 (14s.66) (0.12) (s0.00) 0.18 (136.02) 1.31 22.96 1.34 r57.43 (0.68) (2s.oo) (0.23) (203.18) 0.s3 10.81 (304.071 0.16 (100.00) (2.30) (s.2e) (29.201 (s8.e8l 3.11 (27s.o7) (2.26l, (13.87) (28.78) 1136.631 1276.871 161.431 128.M1 87.58 s2.02 A, Cash Flow from Operating Activities: Profit Before Tax after exceptional items Adiustments to reconcile Profit Before Tax after Exceotional ltems to Net Cash Flows: Depreciation and Amortisation Expense Share based payment expenses (Profit)/Loss on Property Plant and Equipment and ROU Assets sold/discarded (Net) (Profit)/Loss on Sale of lnvestments at FVTPL (including unrealised fair value gain) lmpairment allowance for receivables and advances (including bad debts written off) (Net) lmpairment of investment in Associate (Exceptional item) Net Foreign Exchange differences (unrealised) Finance lncome Finance Costs Fair value Gain on CCPS in Subsidiary carried at FVTPL Dividend lncome Operating Profit before Working Capital / Other Changes Adjustments for : lncrease/(Decrease) in Provisions and Government Grants lncrease/(Decrease) in Trade and Other Payables lncrease/(Decrease) in Other Financial Liabilities lncrease/(Decrease) in Other Current Liabilities (lncrease)/Decrease in Other Non Current Financial Assets and Non-Current Assets (lncrease)/Decrease in Other Current Financial Assets and Current Assets (lncrease)/Decrease in Trade and Other Receivables (lncrease)/Decrease in lnventories Cash Generated From Operations lncome Tax paid (net of refunds) Net Cash Flow from Operating Activities B. Cash Flow from lnvesting Activities: Purchase of Property, Plant and Equipment, lntangible Assets and Leasehold Land {lncluding Capital Work ln Progress adjusted for Capital Advances and Capital Creditors) Proceeds from Sale of Property, Plant and Equipment (Purchase)/Redemption of Current lnvestments (Net) Purchase of Non Current lnvestments at FVTOCI Purchase of lnvestments in Subsidiaries, Associates and Joint Ventures (including CCPS) Proceeds/(lnvestment) in deposits having an original maturity of more than 3 months (Net) and other Bank balances lnterest lncome received Dividend Received Net Cash Used in lnvesting Activities C. Cash Flowfrom FinancingActivities: Proceeds from issue of equity shares (ESOP) (Repayment) / Proceeds from Short Term Borrowings (Net) Payment of Principal portion of Lease Liabilities Finance Costs Paid Dividends Paid Net Cash Used in Financing Activities Net lncrease / lDecreasel in Cash and Cash Equivalents [A+8+C] Cash and Cash Equivalents at the beginning of the Year Cash and Cash Equivalents as at end of the Period 26.2s 23.58 CHENNAIDate : 5th November 2025 Managing Director
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Notes to the Standalone Financial Results: 1 The above standalone financial results of Tube lnvestments of lndia Limited ("the Company"/"Tll") have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 5th November 2025. A limited review of these financial results has been carried out by the Statutory auditors. 2 During the quarter ended 3Oth September 2025, the Company has allotted 4OO1 equity shares (Nil equity shares for the quarter ended 30th June 2025;3,40O equ ity sha res for the q uarter ended 30th Septem ber 20241 to its em ployees conseq uent to the exercise of options granted under the Com pa ny's Employees Stock Option Scheme ("ESOP 2017"). The total outstanding Employee Stock Options as at 30th September 2025 are3,45,380 (3,53,701 as at 30th June 2025; 4,25,434 as at 30th Septemb et 20241. 3 Exceptional ltems: During the year ended 31't March 2025, impairment loss of {19.13 Cr (<15.67 Cr during quarter ended 31't March 2025 and {3.46 Cr during quarter ended 30th June 2024) was recognised towards lnvestments in Moshine Electronics Private Limited and Aerostrovilos Energy Private Limited respectively on account of uncertainties related to future project potential. 4 During the quarter ended 30th September 2025, Tll invested {25 Cr (<25 Cr during the quarter ended 30th June 2025) towards subscription to Series A Compulsorily Convertible Preference Shares of 3xper lnnoventure Limited, a subsidiary. 5 Additionalinformation in accordance with on5 of SEBI and Disclosure utrem 2015: t Not Annualised for interim periods. During the quarter ended 30th September 2025, the company has repaid commercial papers of 1100 Cr. The Company, along with certain other investors, have entered into a Shareholders Agreement with Tl Clean Mobility Private Limited ('TICMPU') to subscribe to Series A and Series B Compulsorily Convertible Preference Shares (CCPS). The Company subscribed to Series B CCPS amounting to <500 Cr between March 2023 and June 2023. Series A was subscribed by other investors in multiple tranches between March 2023 and June 2024 with the final round of funding being completed in June 2024. As per the terms and conditions of the agreement, the CCPS is convertible into such number of equity shares determined as per a pre-determined formula at the conversion date / liquidation date. Based on the terms of the agreement and in accordance with lnd AS, the investment in CCPS has been accounted for at Fair Value Through Profit and Loss ("FVTPL") by the Company. During the quarter and half year ended 30th September 2025, the Company has accounted for a fair value gain of 12.40 Cr in the Statement of profit and loss (<569 Cr during quarter and year ended 3l't March 2025). Previous periods' figures have been re-grouped / re-classified, where necessary to make it comparable wlth the current period. The above Financial Results are also available on the stock exchange websites www.bseindia.com and www.nseindia.com and on our website www.tiind ia. com. of lndia Limited 6 7 8 Place : Chennai Date : 5th November 2025 Standalone Quarter Ended Half Year Ended Year EndedS.No. Description 30-09-2025 30-06-202s 30-09-2024 30-09-2025 30-09-2024 31-03-202s Debt Equitv Ratio [Debt/Equitvl 0.02 0.0s 0.0s 0.02 Debt Service Coverage Ratior INet profit after tax + Depreciation, Amortization and lmpairment + Finance Cost - Other income - Fair Value Gain on CCPS l/[lnterest and Lease payouts + Principal Reoavment on Lone Term Borrowinss durins the oeriodl 77.40 39.95 23.94 53.52 23.52 24.78 ilt lnterest Service Coverage Ratiofl [Net profit after tax + Depreciation, Amortization and lmpairment + Finance Cost - Other income - Fair Value Gain on CCPSI/lFinance Cost I 133.86 s2.26 27.44 76.79 26.89 29.66 tv Outstandins Redeemable Preference shares Capital Redemption Reserve/Debenture Redemption Reserve vt Net Worth (t in Cd 5,529.31 5.37L.96 4.26L.62 s.s29.31 4,26r.62 5.2LO.64 vil Current Ratio ICurrent Assets / Current Liabilitiesl 1.55 L.45 L.28 1,55 r.28 r.40 vilt Long Term Debt to Working Capital [Long term Debt (including current maturities of Long Term Borrowings)/ Current Assets less Current Liabilities (excluding current maturities of Lons Term Borrowinss)l tx lmpairment allowance for receivables (Net) to Account Receivable Ratior [Bad Debts & lmpairment allowance on receivable (Net of reversals) / Average Trade Receivablesl 0.00 0.00 0.00 0.00 0.00 0.00 x Current Liability Ratio ICurrent Liabilities / Total Lia bilitiesl 0.94 0.94 0.94 0.94 0.94 0.94 xt Total Debt to Total Assets lTotal Debt / Total Assetsl 0.01 0.04 0.04 0.02 xil Trade Receivables Turnover Ratiot [Total revenue from ooerations / Averaee Trade Receivablesl 2.00 2.O2 2.06 4.O4 4.t2 8.35 xllt lnventory Turnover Ratior [Cost of Goods Sold including nrrrchaqp df qfnak-in-irr.lp I Averaoe ln\ranf^^rl 1.88 1.91 2.r4 3.82 4.18 7.8L xtv Operating Margin (%) [Earnings before interest, tax, depreciation, amortization & lmpairment, other income and Fair Value Gain on CCPS / Total Revenue from operationsl L3o/o 12% L2% L3% L2% L2% XV Net Profit Margin (%) [Net Profit after tax / Total Revenue from operationsl 9% 8% 8% 9% 8% !60/o CHENNAI * For Tube Managing Director
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S.R. Berusot a AssocrATEs LLP Ghartered Accountants 1Oth Floor, Tidel Park "A" Block, North Wing No.4, Rajiv Gandhi Salai Taramani, Chennai - 600 113 lndia Tel: +91 446117 9OOO Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Tube Investments of India Limited We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Tube Investments of India Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), its associate andjoint ventures for the quarter ended September 30,2025 and year to date period from April 1,2025 to September 30, 2025 (the ooStatement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (lnd AS 34) "lnterim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 24l0, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement .is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the entities listed in Annexure I 5. Based on our review conducted and procedures performed as stated in Paragraph 3 above and based on the consideration of the review reports of other auditors referred to in Paragraph 6a below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('lnd AS') specified under Section 133 of the Companies Act, 2013,as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. a. The accompanying Statement includes the unaudited interim financial results and other unaudited financial information, in respect of: (i) 20 subsidiaries which are part of continuing operations of the Group, whose unaudited interim financial results include total assets of Rs. 5,501.57 crores as at September 30,2025, total S.R. Batllboi & Assoclates LLB a Ltmtted Liabltity partnership wtth LLp tdentity No. AAB-4295 Reqd. Offlce:22, Camac Street, Block,B'.3rd Floo., Kotkata.TOO 016
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S.R. Bnrusot a AssoctATEs LLP Chartered Accountants revenues of Rs. 804.66 crores and Rs. 1,510.83 crores, total net loss after tax of Rs. 147 .46 crores and Rs. 267.76 croreso total comprehensive loss of Rs. 138.54 crores and Rs.258.89 crores, for the quarter ended September 30, 2025 and the period ended on that date respectively, and net cash outflows of Rs. 359.74 crores for the period from April l, 2025 to September 30,2025, as considered in the Statement which have been reviewed by their respective independent auditors. (ii) I joint venture, whose unaudited interim financial results include Group's share of net loss of Rs. 0.09 crores and Rs. 0.17 crores and Group's share of total comprehensive loss of Rs. 0.09 crores and Rs. 0. 17 crores for the quafier ended September 30, 2025 and for the period from April l, 2025 to September 30,2025 respectively, as considered in the Staternent whose unaudited interim financial results, other unaudited financial information have been reviewed by their respective independent auditors. The independent auditor's reports on unaudited interim financial results and other unaudited financial information of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries and joint venture is based solely on the report of such auditors and procedures performed by us as stated in Paragraph 3 above. b. The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of: (i) 10 subsidiaries part of continuing operations of the Group, whose unaudited interim financial results and other unaudited financial information reflect total assets of Rs. 523.77 crores as at September 30,2025, total revenubs of Rs. 14.56 crores and Rs. 39.38 crores, total net profit after tax of Rs. 0.75 crores and Rs. 34.45 crores and total comprehensive income of Rs. 0.75 crores and Rs. 34.45 crores, for the quarter ended September 30, 2025 and the period ended on that date respectively and net cash inflows of Rs. 3.53 crores for the period from April 1 ,2025 to September 30,2025. (ii) 3 subsidiaries part of discontinued operations of the Group, whose unaudited interim financial results and other unaudited financial information reflect total assets of Rs. 73.45 crores, total revenues of Rs. Nil crore and Rs. Nil crore, total net profit after tax of Rs. Nil crore and Rs. Nil crore and total comprehensive income of Rs. Nil crore and Rs. Nil crore, for the quafter ended September 30,2025 and the period ended on that date respectively and net cash inflows of Rs. Nil crore for the period from April 1,2025 to September 30,2025. (iii) 1 associate and 2 joint ventures, whose unaudited interim financial results includes the Group's share of net loss of Rs. 0.01 crores and Rs. 0.02 crores and Croup's share of total comprehensive . loss of Rs. 0.01 crores and Rs. 0.02 crores for the quarter ended September 30, 2025 and for the period from April 1,2025 to September 30,2025 respectively. The unaudited interim financial results and other unaudited financial information of these subsidiaries, joint ventures and associate have not been reviewed and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of these subsidiaries,joint ventures and associate, is based solely on such unaudited interim financial results and other unaudited financial information. According to the information and explanations given to us by the Management, these unaudited interim financial results and financial information are not material to the Group. alChe
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S.R. Berusot * AssocrATEs LLP Chartered Accountants Our conclusion on the Statement in respect of matters stated in Paragraphs 6a and 6b above is not modified with respect to our reliance on the work done and the reports of the other auditors and the financial results / financial information certified by the Management. For S.R. Batliboi & Associates LLP Chartered Accountants ICAI Firm registration number: 101049WE300004 -<Aniruddh Sankaran Partner Membership No.: 211107 UDIN: 2521 I 107 BMMLBMS I 05 Place:Chennai Date: November 5,2025 Chennal
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S.R. Bnrusot * AssoctATEs LLP Chartered Accountants Annexure 1 - List of entities included in the Consolidated Financial Results 1. Tube Investments of India Limited - Holding Company 2. Shanthi Gears Limited (Subsidiary) 3. Financiere Cl0 (Subsidiary) and its subsidiaries, viz: a. Sedis SAS b. Sedis GmbH c. Sedis Company Limited 4. Great Cycles (Private) Limited (Subsidiary) 5. Creative Cycles (Private) Limited (Subsidiary) 6. CG Power and Industrial Solutions Limited (Subsidiary) and its subsidiaries (including its step- down subsidiaries), viz: a. CG Adhesive Products Limited (formerly known as CG PPI Adhesive Products Limited) b. CG International Holdings Singapore Pte. Limited c. CG Power Equipments Limited d. CG Sales Networks Malaysia Sdn. Bhd. e. PT Crompton Prima Switchgear Indonesia f. CG International B.V. g. CG Drives & Automation Netherlands B.V. h. CG Drives & Automation Germany GmbH i. CG Industrial Holdings Sweden AB j CG Drives & Automation Sweden AB k. CG Power Americas, LLC l. CG DE Sub, LLC (formerly known as QEI, LLC) m. CG SemiPrivate Limited n. G G Tronics India Private Limited o. Axiro Semiconductor Private Limited p. Axiro Semiconductor Inc. q. Axiro Semiconductor Turkey Aragtrrma ve Geliqtirme A.$, r. Axiro Semiconductor (Shenzhen) Co., Ltd. 7. TI Clean Mobility Private Limited ('TICMPL') (Subsidiary) and its subsidiaries, viz: a. IPLTech Electric Private Limited ('IPLT') b. TIVOLT Electric Vehicles Private Limited c. Jayem Automotives Private Limited d. TICMPL Technology (Shenzhen) Co Limited 8. Moshine Electronics Private Limited (Subsidiary) 9. TI Medical Private Limited (Subsidiary) 10. 3xper Innoventure Limited (Subsidiary) and its subsidiary: a. 3Xper Innoventure Labs Limited 1 l. KCAL Tech System India Private Limited (Subsidiary) 12. Aerostrovilos Energy Private Limited (Associate) 13. X2 Fuels and Energy Private Limited (Joint Venture) 14. TICL Brands (India) Private Limited (Joint Venture) 15. Chola Foundation (Joint Venture)
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TUBE INVESTMENTS OF INDIA I.IMITED Resd.Office: Chola Crest. Fourth floor.C 54 & 55. Suoer B-4. Thiru Vi Ka lndustrial Estate,Guindv. Chennai 600 032. rel:91 44 42777770-5 Website: www.tiindia.com E-mail id: investorservices(atii.murusappa.com clN:135100TN2008P1C069496 Place: Chennal Crores For Tube lnvestments of lndia [imited Ahuia Flnancial for the and Ended Half Year Ended Year S.No Particulars 30.09.202s 30.06.202s 30.09.2024 30.09.2025 30.09.2024 31.03.2025 L Revenue from Contract with Customers a) Revenue from operations b) Other Ooeratins Revenues 5,380.14 14) \n 5,t70.77 138.35 4,782.51, 1A) i4 10,550.85 2RO Rq 9,2L6.20 286.27 18,915.14 549.51 Total Revenue from Operations s.s22.64 5-!log-06 L.92L.E\ 10.811-70 9.5n2.L7 19.464.65 2 Other lncome 9).71 71.\7 70.69 16L.24 115 43 371.06 ? Total lncome (1+2) 5.615.35 5.380.53 4.995-24 10.99s.98 9.637.90 1q t15-71 4 Expenses a) Cost of Materials Consumed b) Purchase of Stock-in-Trade c) Changes in lnventories of Finished Goods, Work-in-Progress and Stock-in-Trade d) Employee Benefits Expense e) Finance Costs f) Depreciation and Amortisation Expense g) Loss on Fair valuation of Compulsorily Convertible Preference Shares lRefer Note 5] h) other ExDenses 3,482.95 272.66 187.721. 567.39 14.08 163.88 11.30 7q1 7\ 3,308.19 234.83 (60.0s) 528.78 16.67 152.01 7\1 1) 2,969.97 233.63 57.32 442.97 76.24 118.65 77r) 47 6,79L.L4 447.49 (L47.77) L,096.17 30.75 315.89 11.30 1 \d) A7 s,863.01 474.74 {102.49) 859.0s 31.95 228.87 1,386.98 12,035.50 949.69 (201.80) 1,,789.69 63.46 492.22 136.70 2.905.62 Total Exoenses 5.156-29 4-lt!t1-ss 4_S5q-19 10-oa7-a4 l-741-5q 18.171.08 5 Profit/(toss) Before share of Profit/(Lossl of Associateroint Ventures, Exceotional ltems and Tax a3 - 41 459.06 449.08 426.O5 908.14 896.35 r,664.63 6 Share of Profit/(Loss) from Associate / Joint Ventures (net of tax) (0.10) {0.09) 10.13) {0.19) (0.28) (0.38) 7 Profit/{Lossl Before Exceotional ltems and Tax (5 + 6l 4st-q6 /laR .l.l A'\ q, qd7.t5 896.07 1.654.2s 8 Exceptional ltems lRefer Note 4l () q7l (11.0s) q Profit/(lossl Before Tax (7 + 8] 4s8.95 448-99 425-92 907-95 893.10 1_6sq.2d 10 Tax Expense Current Tax (lncluding taxes of earlier years) Deferred Tax 180.83 l)1 9)l 164.53 l1g 71) LL6.29 't ll 46 345.36 14) 6\l 229.35 L7 Ri 446.55 152.36 Total 156-91 145-80 t26.75 102.71 2r7-15 sqt ql 1'l Paofit/ (Lossl After Tax from continuins ooerations (9 - 101 tnt nl tdt 10 tqq 17 ana )L atq q5 1.054-29 1? Profit / (Lossl from discontinued ooerations {net of taxl 'tt Total Prolit/(Lossl 111 + 121 tot nE ent ro too rt 6nR td IIE OE 1_Osa-2q Profit for the year attributable to owners of the company Non-Controlling lnterest 186.66 115 4q 198.87 1ll4 1) 206.79 q2 1R 385.s3 )19 71 433.59 1R? 16 673.77 ?ln qR 402-Oq qoq tq 299.L7 Bnq ,L 615.95 1.054.29 74 Other Comprehensive lncome a) ltems not to be reclassified to profit or loss in subsequent periods Re-measurement Gain/(Loss) on Defined Benefit Obligations (Net) and Net Gain/(Loss) on Equity instruments through other comprehensive lncome lncome Tax Effect b) ltems to be reclassified to profit or loss in subsequent periods Net movement on cash flow hedges and Exchange Difference on Translation of Foreicn Subsidiaries lncome Tax Effect (3.6e) 0.54 15.92 (0.e3) (3.60) 0.58 74.77 (0.04) (6.0e) 0.93 7.48 (0.2s) 17.zsl 1.12 30.69 (0.e7) (11.s0) 7.79 7.04 (0.30) {J4.72], 2.87 2.6L (0.84) Other Comprehensive lncome for the period 1''.84 lL-7r 2.O7 2t-s5 12-971 110-onl Other Comprehensive lncome for the year attributable to - Owners of the Company - Non-Controllins lnterest 7.07 L77 5.96 q7q 0.24 1R? 13.03 1n qt (3.57) o60 (6.221 (3.85) 15 Total Comprehensive lncome (13 + 141 3r3.89 314.90 30'-.24 624.79 612.94 1".044-21 16 L7 18 19 20 2L 22 23 24 Total Comprehensive lncome for the year attributable to : - Owners of the Company - Non-Controlling lnterest Paid-up Equity Share Capital (Face Value of t1 Each) Reserves and Surplus (i.e Other Equity) Networth gasic Earnings Per Share (in <) - (Not Annualised in respect ot quarterly/ interim periods) - Continuing operations Diluted Earnings Per Share (in {) - (Not Annuallsed in respect of quarterly/ interim periods) - Continuing operations Basic Earnings Per Share (in 1) - (Not Annualised in respect of quarterly/ interim periods) - Discontinued Operations Diluted Earnings Per Share (in 1) - (Not Annualised in respect of quarterly/ interim periods) - Discontinued Operations Basic Earnings Per Share (in l) - (Not Annualised in respect of quarterly/ interim periods) -Continuingand Discontinued Operations Diluted Earnings Per Share (in {) - (Not Annualised in respect of quarterly/ interim periods) - Continuing and Discontinued Operations L93.73 L20.16 19.35 9.6s 9.64 9.6s 9.64 204.83 110.07 19.35 10.28 L0.27 10.28 10.27 207.03 94.2L 19.34 10.69 10.68 10.69 10.68 398.56 230.23 19.35 19.93 19.91 19.93 L9.9L 430.02 182.96 19.34 22.42 22.39 22.42 22.39 667.49 376.72 19.35 5,516.38 5,535.73 34.83 34.80 34.83 34.80 HENNAI CHENNAI * Date : 5ih November 2025 Managing Director
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TUBE INVESTMENTS OF INDIA TIMITED Regd.Office: Chola Crest, Fourth floor,C 54 & 55, Super B-4, Thiru Vi Ka lndustrial Estate,Guindy, Chennai 600 032 'lel:91 44 4277777O-5 Website: www.tiindia.com E-mail id: investorservices@tii,murusappa,com Cl N :135100TN2008P1C069496 Consolidated Segment wise Revenue, Results, Liabilities and Ca (Unaudited) Assets, 30.09.202sParticulars 30.09,202s 30.09.2024 (Unaudited) (Unaudited) Half Year Ended Year Ended 30,06.2025 (Unaudited! 30,09,2024 (Unauditedl 31,03.2025 (Audited) SEGMENT REVENUE Engineering Metal Formed Products Mobility Electric Vehicles Gears and Gear Products Power Systems lndustrial Systems Semiconductors [Refer Note 11] Medical Others Un-allocable Ooeratins lncome 1,381.61 407,86 194.26 L77.30 137.54 7,254.49 1,s33.33 r27.89 s2.37 358.74 4.qq 1,298.24 365.76 198,71 735.44 734.70 7,O70.I4 7,69r.54 108.49 47.53 356.87 1.17 t,323.7r 404.38 167.59 746.r8 155.08 845.73 1,s61.36 52.19 349.84 a 1q 2,679.85 773.62 392.97 3t2.74 266.24 2,324.63 3,224.a7 236.38 99.84 715.61 772 2,s88.30 762.OO 348.37 262.70 293.90 1,596.03 3,033.84 101.s8 692.79 5.30 s,o28.73 1,564.80 671.6s s40.66 603.46 3,509.71 6,375.8r 194.63 1,369.63 1S.38 fotal 5.523.68 5.410.79 5.OO8.61 ll.o? .47 9.6A5.A1 L9.474.46 lnter Segment Revenue (101.04) (101.731 (84.06) (202.771 (183-341 (40q Rl I Total Revenue from Ooerations t.\22-6L 5.10q-o6 4s24,55 10.831.70 9.502.47 19.464.65 SEGMENT RESUTTS Engineering Metal Formed Products Mobility Electric Vehicles Ilncluding fair value loss on CCPS Liability measured at FVTPL - Refer Note 5l Gears and Gear Products Power Systems lndustrial Systems Medical nductors [Refer Note 11] 764.27 44.38 4.75 (1s7.80) 28.68 257.37 729.39 (2r.73], 2.3s 0_03 30.62 222.95 764.84 (8.70) 1.80 q.R3 753.24 36.54 7.72 (136.4e) 34.30 146.47 167.74 (6.36) 1.8s ).6q 762.24 45.57 (0.66) (e2.30) 59.30 480.26 294.23 (30.43) 4.15 5R5 377.5L 80.92 77.87 (2s4.zel 3t9.27 81.39 0.64 (178.32) 63.25 293.33 3s3.39 (6.80) 3.91 15 Rq 6L7.t2 161.06 4.86 (s48.8e) 130.09 658.52 7r0.49 (22.39\ 1.89 23.37 fotal 451.53 477.75 461.54 929.38 945.89 1.735,O6 Finance Costs Exceptional ltems IRefer Note 4] Share of Profit/(Loss) from Associate/oint Ventures (net of tax): Other Net Un-allocable lncome / (Expense) and lnter Segment Eliminations (14.08) (0.10) 21.51 (76.67]' (0.0e) (12.00) (L6.24\ (0.13) (1s.2s) (30.7s) (0.1e) 9.51 (31.9s) (2.s7], (0.28) (17.s9) (63.46) (11.0s) (0.38) (7.s7l, Profit Before Tax lExcludins Discontinued Ooeratlonsl 4s8.96 448.99 425.92 g07_95 493.10 1,553,20 SEGMENT ASSETS Engineering Metal Formed Products Mobility Electric Vehicles Gears and Gear Products Power Systems lndustrial Systems Semiconductors IRefer Note 11] Medical Others Discontinued Operations Other Un-allocable Assets lnter Sesment Assets 2,407.O3 609.71 229,68 2,772.90 520.91 2,570.27 3,04s.2s 1,413.38 261.00 938.82 73.45 5,887.88 n.772.?8\ 2,370.73 672.46 229.83 2,321.08 525.95 2,258.67 2,786.75 L,L95.78 259.59 999.34 73.38 3,016.86 f1.171.551 2,042.20 609.82 217.89 2,555.73 488.40 1,839.09 2,724.68 9r.72 2s2.39 714.27 73.38 2,643.93 160 .qol 2,407.O3 609.7r 229,68 2,772.90 s20.91 2,570.27 3,04s.2s I,473.38 261.00 938.82 73.45 5,887.88 n t7) 7a\ 2,042.20 609.82 2r7.89 2,555.73 488.40 1,839.09 2,724.68 9r.72 252.39 714.27 73.38 2,643.93 (601 10t 2,769.24 599.67 ' 2r7.70 2,454.44 500.11 2,089.78 2,836.29 773.50 263.93 9s8.46 73.3r 2,874.40 (1.184.751 Total 18.891.84 L5.4L8.77 13.550.20 18.891.84 13.650.20 t4.626-O7 SEGMENT TIABITITIES Engineering Metal Formed Products Mobility Electric Vehicles [lncluding CCPS Liability measured at FVTPL - Refer Note 5l Gears and Gear Products Power Systems lndustrial Systems Semiconductors [Refer Note 11] Medical Others Discontinued Operations Other Un-allocable Liabilities lnter Sepment Liabilitias 872.82 246.82 146.30 3,891.18 95.34 1,611.s6 7,403.43 279.42 49.26 311.18 64.28 589.22 {1 17q SOI 777.81 230.98 148.91 3,876.36 105.86 7,479.3r 7,393.78 2s0.00 46.95 797.44 64.28 601.77 |t.774.43 742.93 2s4.60 137.85 3,051.31 777.59 1,158.38 7,2s6.2L 5.05 34.74 257.O8 64.28 s30.44 (s97.?21 872.82 246.82 146.30 3,891.18 95.34 1,611.56 7,403.43 279.42 49.26 311.18 64.28 589.22 {1.17s.s0) 742.93 254.60 137.85 3,0s1.31 117.s9 1,158.38 7,256.27 s.05 34.74 257.08 64.28 530.44 (597.?21 764.71 227.30 129.54 3,85s.26 102.38 1,329.10 7,381.37 64.31 47.46 277.24 64.2t 53s.96 ( 1.187.181 1. 2 3 4 8.385.31 8.Oq3.02 7.Ola-1L a_llnq.?1 7,0L3,14 7,585,12
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TUBE INVESTMENTS OF INDIA LIMITED Regd.Office: Chola Crest, Fourth floor,C 54 & 55, Super B-4, Thiru Vi Ka lndustrial Estate,Guindy, Chennai 600 032. fel:91 44 4217777O-5 Website: www.tiindia.com E-mail id: investorservices@tii.murupappa.com Cl N : 135 100TN2008P1C069496 LJnaudited Consolidated wise Liabillties and in Quarter Ended Half Year Ended Year Ended Particulars 30.09.2025 (Unaudited! 30.09.202s {Unauditedl(Unauditedl 30.06.2025 (Unauditedl 30,09.2024 30.09.2024 {Unauditedl 31.03.2025 (Audited) CAPITAL EMPLOYED (SEGMENT ASSETS - SEGMENT LIABILITIESI Engineering Metal Formed Products Mobility Electric Vehicles Gears and Gear Products Power Systems lndustrial Systems Semiconductors IRefer Note 11] Medical Others Discontinued Operations Other Un-allocable Assets net of Liabilities Net lnter-Sesment Balances r,s28,2r 362.89 83.38 (7,7t8.28\ 425.57 898.65 7,647.82 1,133.96 21t.74 627.64 9.17 s,298.66 ?-1) r,532.92 381.48 80.92 (1,sss.28) 420.09 779.36 r,392.97 945.78 2t2.64 707.90 9.10 2,475.09 2.7a !,299.27 355.22 80.04 (49s.s8) 370.81 680.7r r,468.47 86.67 2t7.65 4s7.19 9.10 2,7I3.49 (s.981 r,528.27 362.89 83.38 (r,718.28\ 425.57 898.65 1,641.82 1,133.96 2t1.74 627,64 9.77 5,298.66 3.72 r,299.27 35s.22 80.04 (49s.s8) 370.81 680.71 1,468.47 86.67 277.65 457.19 9.10 2,773.49 (s.98) 1,405.13 378.37 88.16 (1,400.82) 397.73 760.68 1,454.92 709.19 216.47 68L22 9.04 2,338.44 2.42 5 Total 10.505.S3 7.125.7\ 6.647.06 10.506.s3 6.6!t7.O6 7.040.9s CHENNAI * For Tube lnvestments of lndia Limited Mukesh Ahuja Managing Director Place : Chennai Date :5th November2025
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TUBE INVESTMENTS OF INDIA LIMITED Regd.Office: Chola Crest, Fourth floor,C 54 & 55, Super B-4, Thiru Vi Ka lndustrial Estate,Guindy, Chennai 600 032. Tel: 91 44 42777770-5 Website: www.tiindia.com E-mail id: investorservices@tii.murugappa.com Cl N : 135100TN2008P1C069496 Unaudited Consolidated Statement of Assets and liabilities as at 3oth September 2025 in Crores Particulars As at 30-Sep-2025 (Unaudited) As at 31-Mar-2025 (Audited) 3,048.46 677.73 763.33 tt.74 1,3tt.34 869,38 53,91 5.27 25.55 2,653.6r L12.37 tst.24 243.84 2,620.26 583,09 732.7r 11,84 L,248.72 745.70 35.91 5.46 25.40 76.82 85.07 123.99 239.22 9,92L.77 5,535.19 r,358.42 3,595.71 263.44 778,t3 0.33 0.67 966.47 708.49 7.87 2,64L53 899.87 3,305.30 555.38 1,378.83 0.32 4.62 243.45 639.15 4.28 2,223.79 10,321.00 9,355.98 73.45 73.3r 20,3L6.22 15,964.48 19.35 7,499.36 19,35 5,516.38 7,5L8.7L 5,535.73 3,833.21 2,756.57 ASSETS Non-Current Assets Property, Plant and Equipment Right of Use Assets Capital Work-in-Progress lnvestment Property will Other lntangible Assets lntangible Assets under Development lnvestments accounted for using the equity method Financial Assets (a) Other lnvestments (b) Other Financial Assets Deferred Tax Assets (Net) lncome Tax Asset (Net) Non-Current Assets Current Assets lnventories Financial Assets (a) lnvestments (b) Trade Receivables (c) Cash and Cash Equivalents (d) Bank Balances other than (c) above (e) Loans (f) Derivative lnstruments (e) Other Financial Assets her Current Assets nt Tax Assets Assets classified as held for sale and discontinued operations ASSETS EQUITY AND LIABITITIES Equity Equity Share Capital her Equity Equity Attributable to the Owners of the Company Non-Controlling lnterests Total 11,351.92 7,692.30
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TUBE INVESTMENTS OF INDIA LIMITED Regd.Office: Chola Crest, Fourth floor,C 54 & 55, Super B-4, Thiru Vi Ka lndustrial Estate,Guindy, Chennai 600 032 Tel:91 44 42L77770-5 Website: www,tiindia.com E-mail id : investorservices@tii.murugappa.com Cl N : 135100TN2008P1C069496 Unaudited Consolidated Statement of Assets and Liabilities as at 30th September 2025 in Cro For Tube lnvestments of !ndia Limited Ahuja Managing Director Particulars As at 30-Sep-2025 (Unaudited) As at 31-Mar-2025 (Audited) 60.73 299.00 2,442.25 1.63 tt2.89 223.59 66.80 215.L7 2,420.35 2.69 95.76 0.48 239.s0 3,140.09 3,04O.75 643.37 13.06 809.30 290.27 43.25 28t.6r 63,63 22t.05 3,394.39 605.48 4.66 692.67 288.72 34.9s 376.70 45.27 227.44 2,892.53 5,759.93 5,L67.L6 64.28 64.27 8,964.30 8,272.L8 I Non-Current tiabilities I I Financial Liabilities | (a) Borrowings (b) Lease Liabilities (c) Other Financial Liabilities Other Non-Current Liabilities Provisions Government Grants Deferred Tax Liabilities (Net) Current Liabilities Financial Liabilities (a) Borrowings (b) Lease Liabilities (c) Trade Payables - Total outstanding dues of Micro Enterprises and Small Enterprises - Total outstanding dues of Creditors other than Micro Enterprises and Small Enterprises (d) Other Financial Liabilities (e) Derivative lnstruments Other Current Liabilities Provisions Current Tax Liabilities (Net) Liabilities associated with group of assets classified as held for sale and discontinued operations Total [iabilities TOTAT EQUITY AND TIABITITIES 20,3t5.22 L5,964.48 CHENNAlPlace : Chennai Date : 5th November 2025 CHE
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TUBE INVESTMENTS OF INDIA TIMITED Regd,Office: Chola Crest, Fourth floor,C 54 & 55,Super B-4, Thiru Vi Ka lndustrial Estate,cuindy, Chennai 600 032. rel 9t 44 42L77770-5 Website: www,tiindia.com E-mail id: investorservices@tii.muruqaDDa.com Cl N : 135100TN2008P1C069496 Unaudited Consolidated Statement of Cash Flow for the Half Year Ended 30th September 2025 Place : Chennai Date: Sth November 2025 For Tube lnvestments of lndia Limited Mukesh Particulars 30.09.202s (Unaudited) 30.09.2024 (unaudited) A. Cash Flow from Operating Actlvltles: Profit Before Tax Adiustments to reconcile Profit Before Tax after exceptional items to Net Cash Flows: Depreciation and Amortization Expenses Exceptional ltems (Net) [Refer Note 4] Share based payment expenses Loss / (Profit) on Property Plant and Equipment and ROU Assets sold/discarded, (Net) Loss/(Profit)onSaleoflnvestmentscarriedatFVTPL (includingunrealisedfairvaluegain) lmpairment allowance for receivables and advances (includes bad debts written off) (Net) Net unrealised Foreign Exchange differences including impact of Foreign Currency Translation Finance lncome Dividend lncome Finance Costs Liabilities/Provisions no longer payable written back Loss on Fair valuation of Compulsorily Convertible Preference Shares IRefer Note 5] Share of (profit)/ loss from Associate and Joint Ventures cain/(Loss) on Lease Termination Operatlng Profit before Worklng Capital / Other Changes Adjustments for : (Decrease)/lncrease in Provisions and Government Grants {Decrease)/lncrease in Trade and Other Payables {Decrease)/lncrease in Current and Non-Curent Liabilities (lncrease)/Decrease in Current and Non-Current Assets (lncrease)/Decrease in Trade and Other Receivables (lncrease)/Decrease in lnventories Cash Generated From Operations lncome Tax paid (Net of refunds) Net Cash Flow (used in)from discontinued operating activities Net Cash Flow from Operatlng Activities 907.95 31 5.89 30.95 (0.10) (3s.ee) 2.22 28.J,L (8s.37) (12.1s) 30.75 (1.s4) 11.30 0.19 893.10 228.87 2.97 10.41 (0.4s) ls2.27l 2.34 11.55 (s0.6s) 31.95 (0.87) 0.28 (0.38) L,L92.2t 11.13 436.35 138.31 (137.1s) (2s3.43) (366.621 1,075.85 L7.93 742.20 89.41 (ss.04) (3s9.s1) (134.46) 1,020.80 (36s.87) 775.98 (235.28) 654.93 s41,.70 B. Cash Flow from lnvestlng Actlvltles: Purchase of Property, Plant and Equipment, lntangible Assets and Leasehold Land (lncluding Capital Work ln Progress adjusted for Capital Advances and Capital Creditors) Proceeds from Sale of Property, Plant and Equipment (Purchase)/ Sale of Current lnvestments (Net) Purchase of lnvestment in Associate, Joint Ventures & Consideration towards acquisition of subsidiaries from existing Shareholders (net of cash acquired) Refund of deposit in relation to bidding process for proposed acquisition Purchase of Non Current lnvestments at FVTOCI Proceeds/(lnvestment) in deposits (Net) and other Bank balances Consideration for acquisition of Radio Frequency Components business Unrealised Exchange gain on Consolidation (net) lnterest lncome received Net cash flow (used in) / from discontinued investing activities Dividend received N€t Cash Used ln lnvestlng Actlvltles 2A.47 (0.12) (2,r.97.38) (284.13) (14.88) 47.47 72.75 17,067.25]. 5.61 (417.s1) (0.73) (533.11) l7.e7l 33.O7 (s01.3s) 2.77 lr7s.49l (381.s1) (3,886.s71 (1,668.421 C. Cash Flow from Flnancing Activltles: Proceeds from exercise of employee stock option Proceeds from issue of equity shares through Qualified lnstitutions Placement (QlP) lssue expenses for QIP Proceeds from Long Term Borrowings (Repayment) of Long Term Borrowings (Repayment)/Proceeds from Short Term Borrowings (Net) Proceeds from issuance of compulsorily convertible preference shares Payment of Principal Portion of Lease Liabilities Finance costs Paid Dividends Paid Subscription of equity in subsidiary by non-controlling interest Net cash flow (used in) / from discontinued financing activities Net Cash Flow from Flnancing Actlvltles Net lncrease ln Cash and Cash Equlvalents [A+B+CI Cash and Cash Equlvalents at the Beglnning of the Year Cash and Cash Equivalents at the End ofthe Period Cash and Cash Equivalents as per Balance Sheet Add: Cash and Cash Equivalents from Discontinued Operations Total Cash and Cash Equlvalents as per Statement ofCash Flow 12.45 3,000.00 l22.s3J 0.80 (12.3e) (LOz.71], (28.31) (18.6e) (33.73) 44.26 25.47 24.34 l24.s6l (224.48) 1,050.00 (e.1e) (2s.3s) (33.29) 7.48 2.418.75 785.98 (392.891 5s6.99 264.10 263.44 0.56 264.t0 (340.741 536.49 195.75 195.11 0.64 19s.75 CHENNAI * Managing Director
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Notes to Consolidated Financial Results: The above consolidated financial results of Tube lnvestments of lndia Limited ("the Company"/ "Tll") have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 5th November 2025. A limited review of the consolidated financial results has been carried out by the Statutory auditors of the Company. The consolidated financial results includes the financial results of the Company, its subsidiaries (together "the Group"), and its associate and its joint ventures listed in Annexure 1. During the quarter ended 30th September 2025, the Company has allotted 4001 equity shares (Nil equity shares for the quarter ended 30th June 2025; 3,400 equity shares for the quarter ended 30th September 20241 to its employees consequent to the exercise of options granted under the Company's Employees Stock Option Scheme ("ESOP 2017"). The total outstanding Employee Stock Options as at 30th September 2025 are 3,45,380 (3,53,701 as at 30th June 2025; 4,25,434 as at 30th September 2024). Exceptional items: During the year ended 31" March 2025, considering the uncertainties on account of future project potential, Tll recognised an impairment provision aggregating to t 11.05 Cr as follows: i)t 2.97 Cr. during quarter ended 30th June 2024 relating to its investment in Aerostrovilos Energy Private Limited (Associate) and ii)< 8.08 Cr. during quarter ended 31't March 2025 against goodwill and net assets relating to its investment in Moshine Electronics Private Limited (Subsidiary). Tll along with certain other investors have entered into a Shareholders Agreement to subscribe to Series A and Series B Compulsorily Convertible Preference Shares ("CCPS") - issued by Tl Clean Mobility Private Limited ("TlCMPL"). The Series A CCPS were subscribed by other investors in multiple tranches between March 2023 and June 2024 with the final round of funding being completed in June 2024 and Series B was subscribed by Tll between March 2023 and June 2023. As per the terms and conditions of the agreement, the CCPS is convertible into such number of equity shares determined as per a pre-determined formula at the conversion date / liquidation date. Based on the terms of the agreement and in accordance with lnd AS, the investment in CCPS has been accounted for at Fair Value Through Profit and Loss ("FVTPL") by the Group. During the quarter and half year ended 30th September 2025, the Group has accounted for a fair value loss of {11.30 Cr in the Statement of profit and loss (<136.70 Cr during quarter and year ended 31't March 2025). During the quarter ended 30th September 2025, Tll invested {25 Cr (125 Cr during the quarter ended 30th June 2025) towards subscription to Series A Compulsorily Convertible Preference Shares of 3xper lnnoventure Limited, a subsidiary. The Group continues to account for its acquisition of the Radio Frequency ("RF") Components business from Renesas Electronics America lnc and other affiliate entities of Renesas Electronics Corporation (acquired in April 2025) and its acquisition of Kcaltech System lndia Private Limited (an entity engaged in the business of manufacturing aluminium tubes and parts as used in HVAC applications in the automobile segment and acquired in January 2025), based on provisional amounts as permitted by Paragraph 45 of lnd AS 103, During the current quarter, CG Power and lndustrial Solutions Limited ("CGPlSL") issued 4,54,54,545 equity shares of face value of t 2 each through Qualified lnstitutions Placement (QlP) at an issue price of I 660 per share (including securities premium of t 658 per share), aggregating { 3000 Cr. As at 30th September 2025, funds received pursuant to QlP, net of issue expenses of { 22.93 Cr (excluding GST), have been utilised towards the objects stated in the Placement Document and the balance unutilised amounts have been invested in fixed deposits, mutual fund and kept in monitoring account. Such issue expenses have been adjusted against Securities Premium. CGPISL is involved in certain ongoing direct tax litigations before various authorities and has also filed appeals in respect of certain additions / adjustments made in the assessment orders of earlier years. Based on prevailing jurisprudence, past rulings and' legal opinions obtained by CGPISL, management of CGPISL is confident of CGPISL's success and favourable outcome in these matters. 10 CGPISL's subsidiary, CG Semi Private Limited ("CGSEMl") is eligible for Capital Assistance as per the scheme for setting up Outsource Semiconductor Assembly and test (OSAT) facility launched by lndia Semiconductor Mission (lSM) under Ministry of Electronics and lnformation Technology (MeitY) vide approval dated 8th March 2024. The approval covers a five-year period from FY 2024-25 to FY 2028-29 for a total project cost of { 7,584 Cr, with Central Government assistance of { 3,501 crores and additional State Government support equal to 40% of the Central Government's assistance i.e, { 1,400 Cr, The Fiscal Support Agreement was signed on 17th January 2025 and the Trust and Retention Account Agreement was signed on 15th September 2025. During the quarter ended 30th September 2025, CGSEMI has recognised { 475.38 Cr as Government Grants receivable in respect of the above based on reasonable assurance of CGSEMI's compliance with the conditions of this grant, in accordance with lnd AS 20. Such grants have been netted off against the carrying amount of related assets as at 30th September 2025, and such grants and related assets are presented on a gross basis under cash flows from operating activities and cash flows from investing activities, respectively, in the Consolidated Statement of Cash Flows for the period ended 30th Septembe r 2025. 11 During the quarter ended 31't March 2025, the Group had identified Outsourced Semiconductor Assembly a ("osAT") and Frequency ("RF") Components business as separate operating segment as 'Semiconductors' based in lnd AS Accordingly, the quarter ended and six months ended 30th September 2024 figures have been T 2 3 4 5 6 7 8 9 CHENNAI report th from "Others" segment to "Semiconductors" segment rate
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1,2 Additional information being provided in accordance with Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015: S.No. Description Consolidated Ouarter Fnded Flalf vear ended Year Endcd 30-09-2025 30-06-2025 30-09-2024 30-09-202s 30-09-2024 31-03-2025 I Debt Eouitv Ratio IDebt/Eouitvl o.o? o.05 o07 oo? o07 0.06 Debt Service Coverage Ratio# [Net profit after tax + Depreciation, Amortization and lmpairment + Finance Cost - Other income + Fair Value Loss on CCPS l/[lnterest and Lease payouts + Principal Repayment on Long Term Borrowings during the periodl 12.45 t2.04 8,69 13.45 tr.67 11.08 ilt lnterest Service Coverage Ratio# INet profit after tax + Depreciation, Amortization and lmpairment + Finance Cost - Other income + Fair Value Loss on CCPSI/tFinance Costl 28.37 24.07 223e 25.98 23.20 27.68 IV Outstanding Redeemable Preference shares Capital Redemption Reserve Debenture Redemption Reserve (Nil) 0.01 0.01 0,01 0.01 0.01 0.01 VI Net Worth (Total Equity) < in Cr 17,357.92 8,058.11 7,306.56 71,35t.92 7,306.56 7,692.30 vil Current Ratio [Current Assets / Current Liabilities] r.79 r.67 1.85 r.79 1.85 1.81 vilt Long Term Debt to Working Capital [Long term Debt (including current maturities of Long Term Borrowings)/ Current Assets less Current Liabilities (excluding current maturities of Long Term Borrowinssll 0.02 0.02 0.02 0.02 0.02 o.o2 tx lmpairment allowance for receivables (Net) to Account Receivable Ratio# [Bad Debts & lmpairment allowance on receivable (Net of reVersals) / Average Trade Receivablesl 0.00 0.00 0.00 0.00 0.00 0.00 x Current Liability Ratio [Current Liabilities / Total Liabilitiesl 0.64 0.64 0.64 0.64 0.64 0.62 XI Total Debt to Total Assets JTotal Debt / Total Assetsl 0.02 0.03 0.04 0,02 0,04 0.03 xil Trade Receivables Turnover Ratio# [Total revenue from operations / Average Trade Receivablesl r.57 1.58 1.61 3.14 3.24 6.45 xilt lnventory Turnover Ratio# lCost of Goods Sold including purchase of stock-in-trade / Average lnventorvl t.43 7.47 7.64 2.97 3.30 6.37 XIV Operating Margin (%) [Earnings before interest, tax, depreciation, amortization & lmpairment, other income and Fair Value Loss on CCPS / Total Revenue from operationsl ro% 70% 70% t0% 7t% 70% XV Net Profit Margin (%) [Net Profit after tax / Total Revenue f rom operations] 5% 6% 6% 6% 6% 5% # Not Annualised for interim periods. During the quarter ended 30th September 2025, the company has repaid commercial papers of {100 Cr. 13 Previous periods'figures have been re-grouped / re-classified, where necessary, to make it comparable with the current period. 14 The above Financial Results are also available on the stock exchange websites www,bseindia.com and www,nseindia.com and on our website www.tiindia.com. Tube lnvestments of lndia Limited Place : Chennai Date: 5th November 2025 Mukesh Ahuia Managing Director CHENNAI
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Annexure-1 list of entities included in the Consolidated Financial Results 1. Tube lnvestments of lndia Limited - Holding Company 2. Shanthi Gears Limited 3. Financiere C10 and its Subsidiaries, viz: a. Sedis SAS b. Sedis GmbH c. Sedis Company Limited 4. Great Cycles (Private) Limited 5. Creative Cycles (Private) Limited 6, CG Power and lndustrial Solutions Limited and its Subsidiaries (including its step-down subsidiaries), viz a. CG Adhesive Products Limited (formerly known as CG-PPl Adhesive Products Limited) b. CG lnternational Holdings Singapore Pte. Limited c. CG Power Equipments Limited d. CG Sales Networks Malaysia Sdn. Bhd. e. PT Crompton Prima Switchgear lndonesia f. CG lnternational B.V. g. CG Drives & Automation Netherlands B.V. h. CG Drives & Automation Germany GmbH i. CG lndustrial Holdings Sweden AB j. CG Drives & Automation Sweden AB k. CG Power Americas, LLC l. CG DE Sub, LLC (formerly known as "QEl, LLC") m. CG Semi Private Limited n. G.G. Tronics lndia Private Limited o. Axiro Semiconductor Private Limited p. Axiro Semiconductor lnc q. Axiro Semiconductor Turkey Arastirma ve Gelitirme A.S. r. Axiro Semiconductor (Shenzhen) Co., Ltd. 7. Tl Clean Mobility Private Limited (TICMPL) and its Subsidiaries viz: a. lPLTech Electric Private Limited b. TIVOLT Electric Vehicles Private Limited c. Jayem Automotives Private Limited d. TICMPL Technology (Shenzhen) Co Limited 8. Moshine Electronics Private Limited 9. Tl Medical Private Limited 10. 3xper lnnoventure Limited and its Subsidiary viz: a. 3xper lnnoventure Labs Limited L1. KCAL Tech Systems lndia Private Limited 12. Aerostrovilos Energy Private Limited (Associate) L3. X2Fuels and Energy Private Limited (Joint Venture) 1.4. TICL Brands (lndia) Private Limited (Joint Venture) 15. Chola Foundation (Joint Venture) CHENNAl
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* a a INDIA murugoppq TUBE INVESTMENTS OF INDIA LTD's STANDALONE Q2 PBT AT Rs. 250 Cr The Board of Directors of Tube lnvestments of lndia Limited (Tll) met today and approved the financial results for the Quarter ended 30th September 2025. Standalone Results for the Quarter: Revenue in Q2 was at Rs.2,119 Crcompared with Rs.2,065 Crof same period previous year. PBT was at Rs.250 Cr compared with Rs.225 Cr of same period previous year, a growth of 11.5%. ROIC (annualized) was at 44o/o for the quarter ended 30th September 2025 compared with 45% of same period previous year. Free cash flow for the quarter was Rs.183 Cr. Review of Businesses Engineering The Revenue for the quarter was Rs.1,382 Cr compared with Rs.1,323 Cr in the corresponding quarter of the previous year. Profit before interest and tax for the quarter was Rs.164 Cr as against Rs.162 Cr in the corresponding quarter of the previous year. Metal Formed Products The Revenue for the quarter was Rs.408 Cr compared with Rs.404 Cr in the corresponding quarter of the previous year. Profit before interest and tax for the quarter was Rs.44 Cr as against Rs.46 Cr in the corresponding quarter of the previous year. Mobility The Revenue for the quarter was Rs.194 Cr compared with Rs.168 Cr in the corresponding quarter of the previous year. Profit before interest and tax for the quarter was Rs.4 Cr as against the loss of Rs.O.36 Cr in the corresponding quarter of the previous year. Others The Revenue for the quarter was Rs.227 Cr compared with Rs.243 Cr in the corresponding quarter of the previous year. Profit before interest and tax for the quarter was Rs.18 Cr as against Rs.9 Cr in the corresponding quarter of the previous year. a
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Consolidated Results Tll's consolidated revenue for the quarter was Rs.5,523 Cr as against Rs.4,925 Cr in the corresponding quarter of the previous year. The profit (before share of profit of an Associate/Joint Venture, Exceptional ltems and Tax) for the quarter was at Rs.459 Cr as against Rs.426 Cr in the corresponding quarter of the previous year. CG Power and lndustrial Solutions Ltd, a subsidiary company, in which the Company holds 56.29% stake, registered a consolidated revenue of Rs.2,923 Cr during the quarter as against Rs.2,413 Cr in the corresponding quarter of the previous year. Profit before tax for the quarter was at Rs.388 Cr as against Rs.294 Cr in the corresponding quarter of previous year. Shanthi Gears Ltd., a subsidiary company in the Gears Business, in which the Company holds 70.460/o stake, registered a revenue of Rs.132 Cr during the quarter as against Rs.155 Cr in the corresponding quarter of the previous year. Profit before tax for the quarter was at Rs.29 Cr as against Rs.34 Cr in the corresponding quarter of previous year. About Murugappa Group A 125-year-old conglomerate with presence across lndia and the world, the INR 902 billion (90,178 Crore) Murugappa Group has diverse businesses in agriculture, engineering, financial services and more. The Group has 10 listed companies: Carborundum Universal Limited, CG Power & lndustrial Solutions Limited, Cholamandalam Financial Holdings Limited, Cholamandalam lnvestment & Finance Company Limited, Coromandel lnternational Limited, EID Parry (lndia) Limited, NACL lndustries Limited, Shanthi Gears Limited, Tube lnvestments of lndia Limited and Wendt lndia Limited. Other major companies include Cholamandalam MS General Insurance Company Limited and Parry Agro lndustries Limited. Brands such as Ajax, Hercules, BSA, Montra, Montra Electric, Mach City, Chola, Chola MS, CG Power, Shanthi Gears, CUMI, Gromor, Paramfos, Parry's are part of the Group's illustrious stable. Abrasives, technical ceramics, electro minerals, electric vehicles, auto components, fans, transformers, signalling equipment for railways, bicycles, fertilisers, sugar, tea and several other products make up the Group's business interests. Guided by the five lights - integrity, passion, quality, respect and responsibility - and a culture of professionalism, the Group has a workforce of over 94,041employees For more information, see www.muruqappa.com For further information, please contact: Jini PK +91-94450 34039
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Tube lnvestments of lndia Limited Regd. Office: 'Chola Crest', C 54 & C 55, Super B-4, Thiru Vi Ka lndustrial Estate, Guindy, Chennai - 600 032 f el:9t 44 42777770-5; Website : www.tiindia.com; E-mail id: investorservices@tii.murusappa.com Cl N: t35100TN2008Ptco69496 STATEMENT OF FINANCIAT RESUTTS FOR THE qUARTER AND HAI.F.YEAR ENDED 3OTH SEPTEMBER 2025 in crores unless consolidated Particulars Quarter ended 30.09.2025 (Unaudited) quarter ended 30.09.2024 (Unaudited) Half Year ended 30.09.2025 (Unaudited) Half Year ended 30.09.2024 (Unaudited) Year ended 31.03.2025 (Audited) Total lncome from Operations 5,522.64 4,924.55 10,831.70 9,502.47 19,464.65 Profit Before Tax, Exceptional and / or Extraordinary ltems 458.96 425.92 907.95 896.07 L,664.25 Profit Before Tax, After Exceptional and / or Extraordinary ltems 458.96 425.92 907.95 893.10 1,653.20 Profit After Tax, After Exceptional and / or Extraordinary ltems (from continuing operations) 302.0s 299.77 605.24 615.95 t,054.29 Profit After Tax, After Exceptional and / or Extraordinary ltems (including discontinued operations) 302.05 299.77 605.24 615.95 r,054.29 Total Comprehensive lncome for the period [Comprising Profit for the period (after tax) and Other Comprehensive lncome (after tax)l 313.89 30r.24 628.79 672.98 L,044.2L Paid up Equity Share Capital 19.35 Reserves (i.e) Other Equity 5,s16.38 Securities Premium Account 395.50 Networth 5,535.73 Paid up Debt Capital/Outstandins Debt Outstanding Redeemable Preference Shares Debt Equity Ratio 0.03 0.07 0.03 0.07 0.06 Earnings Per Share (of t1/- each) - (for Continuing operations) a. Basic (in {) b. Diluted (in {} 9.65 9.64 10,69 10.68 19.93 19,9L 22.42 22.39 34.83 34.80 Earnings Per Share (of {1/- each) - (for Discontinued operations) a. Basic (in {) b. Diluted (in 1) Capital Redemption Reserve 0.01 0.01 0.01 0.01 0.01 Debenture Redemption Reserve Debt Service Coverage Ratio L2.45 8.69 13.45 17.67 11.08 lnterest Service Coverage Ratio 28.3t 22.38 2s.98 23.20 2L.68 Notes: 1 Company's Standalone Financial information is as below: in crores unless Particulars Standalone Quarter ended 30.09.202s (Unaudited) Quarter ended 30.09.2024 (Unaudited) Half Year ended 30.09.202s (Unaudited) Half Year ended 30.09.2024 (Unaudited) Year ended 31.03.2025 (Audited) Total lncome from Operations 2,L18.96 2,064.84 4,L25.s6 4,025.L2 7.892.53 Profit Before Tax and Exceptional ltems 250.44 224.5L 472.5L 43s.85 1,543.53 Profit Before Tax, after Exceptional ltems 250.44 224.5L 472.5L 432.39 L,524.40 Profit After Tax, after Exceptional ltems 186.75 167.80 354.84 322.27 r,296.66 Total Comprehensive lncome r84.73 161.95 344.04 3L4.76 r,294.05 2 The above is an extract of the detailed format of Quarterly financial results for the quarter and half year ended 3oth September, 2025 filed with the Stock Exchanges under Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The full format of the Quarterly/Half Yearly financial Results are available on the stock exchange websites www.bseindia.com and www.nseindia.com and on our website www.tilndia.com. The financial results can be accessed by scanning the QR code provided below: For Tube lnvestments of lndia [imited Place : Chennai Date :5th November 2025 Mukesh Ahuja Managlng Dir€ctorCHENNAI