Tube Investments Q1 consolidated net profit at Rs 303.19 cr
Chennai, Aug 5 (PTI) Tube Investments of India Ltd, part of the Chennai-based Murugappa Group, has reported a consolidated net profit of Rs 303.19 crore for the quarter ended June 30, 2025, the company said.
The company had posted a net profit of Rs 316.78 crore in the corresponding quarter of the previous financial year.
For the financial year ended March 31, 2025, the company had recorded a consolidated net profit of Rs 1,054.29 crore.
In a press release issued on Tuesday, the company said total income for the April-June 2025 quarter rose to Rs 5,380.63 crore from Rs 4,642.66 crore reported in the year-ago period.
For FY25, the company's consolidated total income stood at Rs 19,835.71 crore.
During the June 2025 quarter, the engineering business vertical posted revenues of Rs 1,298 crore, up from Rs 1,265 crore in the same period last year.
The Metal Formed Products division reported revenue of Rs 366 crore, as against Rs 358 crore in the corresponding quarter of the previous fiscal.
Among group companies, CG Power and Industrial Solutions Ltd, a subsidiary of Tube Investments, recorded consolidated revenue of Rs 2,878 crore in Q1 FY26, compared to Rs 2,228 crore in the same quarter last year.
Profit before tax for the quarter stood at Rs 364 crore, up from Rs 336 crore a year ago.
Shanthi Gears Ltd, in which Tube Investments holds a 70.46 per cent stake, posted revenue of Rs 135 crore for the quarter, slightly down from Rs 139 crore reported in the corresponding period of the previous year. Its profit before tax rose to Rs 31 crore from Rs 29 crore last year, the company added. PTI VIJ SSK VIJ SSK KH
view comments
First Published:
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
8 minutes ago
- Business Standard
Bharti Hexacom shareholders approve ₹1,134 cr tower sale to sister concern
Bharti Hexacom has received approval from the majority shareholders at its 30th annual general meeting to sell mobile towers to its sister concern for Rs 1,134 crore, according to a regulatory filing on Wednesday. The Bharti Airtel group shared that its resolution "to approve material related party transactions with Indus Towers Limited, a related party" has been approved with 88.28 per cent votes at the annual general meeting. Sources said that state-run Telecom Consultants of India (TCIL), which holds a 15 per cent stake in the company, had opposed the deal, citing valuation issues. According to the postal ballot notice of Bharti Hexacom dated February 14, as cited in the AGM report, a deal to sell its tower to Indus Towers was agreed upon for Rs 1,134.1 crore. Bharti Hexacom received approval from the majority of shareholders on March 16 for the deal. The company, in an update on April 9, shared that TCIL had requested to start the process afresh as per its requirement. The voting result published after the 30th AGM of the company on Wednesday to approve the proposal shows that the deal has been approved by a majority of shareholders. However, around 2.5 per cent of votes from public non-institution shareholders opposed the deal. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
&w=3840&q=100)
Business Standard
8 minutes ago
- Business Standard
Best of BS Opinion: Rolling the dice on gaming bans, AI rules, and growth
In the Mahabharata, Chausar was not mere entertainment but a test of foresight, nerve, and destiny. Dice in hand, pieces moving, fortunes shifting, the game carried the weight of unpredictability and choice. Each roll of dice carried the possibility of triumph or ruin, every move shaping the course of kingdoms. What made the game enduring was its blend of chance and calculation, a reminder that even the strongest warriors could falter when strategy met uncertainty. Modern policymaking and economic choices carry the same weight. Laws, frameworks, and reforms resemble moves on a vast board where ambition, caution, and risk constantly collide. Let's dive in. The Union government's Online Gaming Bill, 2025 embodies this duality. It seeks to ban online money games, citing addiction, fraud, and financial losses, while simultaneously creating a regulatory framework to promote e-sports and casual play. The industry warns of job losses, underground markets, and declining investor confidence if prohibition prevails, notes our first editorial. With over Rs 25,000 crore in FDI and Rs 2 trillion in valuations at stake, the decision resembles a risky throw. Like a hasty roll of dice, Parliament must decide whether prohibition secures or destabilises the board. The Reserve Bank's FREE-AI report, too, is a masterclass in anticipating moves, highlights our second editorial. With its seven guiding 'sutras,' it seeks to balance the promise of AI with the perils of bias and opacity. By proposing common AI infrastructure, sandboxes, and indigenous models, the RBI wants India to play not as a follower but as a designer of the game. Execution, however, will decide whether AI becomes a trusted ally or a loaded dice. Meanwhile, Naushad Forbes urges India to respond to Donald Trump's tariff threats not with defensive swagger but transformative ambition, much like Japan transformed humiliation into industrial resurgence. To become a developed nation by 2047, India must reform education, agriculture, taxation, and manufacturing, aiming for sustained growth above 9 per cent. The choice is whether to play defensively or pursue the bold moves that can transform the board. Amit Kapoor cautions that India's cities risk losing vitality if migration slows. Migrants power both formal and informal economies, yet fear-driven governance has weakened their sense of belonging. With urban investment needs of $840 billion over 15 years, cities must remain open and trusting, or else the pieces on the board may stop moving altogether. And finally, as Ambi Parameswaran notes in his review of Sandeep Das's Why Your Strategy Sucks, strategy itself is the master move. Das distinguishes true strategy from mere plans, offering frameworks for both corporate goals and personal careers. Even if richer case studies might have added depth, its core lesson stands, that strategy is not about playing every piece but choosing the few moves that can redefine the entire game. Stay tuned!
&w=3840&q=100)
Business Standard
8 minutes ago
- Business Standard
China rushes to build out solar, and emissions edge downward
High on the Tibetan plateau, Chinese government officials last month showed off what they say will be the world's largest solar farm when completed 610 sq km, the size of the American city of Chicago. China has been installing solar panels at a blistering pace, far faster than anywhere else in the world, and the investment is starting to pay off. A study released Thursday found that the country's carbon emissions edged down 1 per cent in the first six months of the year compared to a year earlier, extending a trend that began in March 2024. The good news is China's carbon emissions may have peaked well ahead of a government target of doing so before 2030. But China, the world's biggest emitter of greenhouse gases, will need to bring them down much more sharply to play its part in slowing global climate change. For China to reach its declared goal of carbon neutrality by 2060, emissions would need to fall 3 per cent on average over the next 35 years, said Lauri Myllyvirta, the Finland-based author of the study and lead analyst at the Centre for Research on Energy and Clean Air. China needs to get to that 3 per cent territory as soon as possible, he said. China's emissions have fallen even as it uses more electricity China's emissions have fallen before during economic slowdowns. What's different this time is electricity demand is growing up 3.7 per cent in the first half of this year but the increase in power from solar, wind and nuclear has easily outpaced that, according to Myllyvirta, who analyses the most recent data in a study published on the UK-based Carbon Brief website. We're talking really for the first time about a structural declining trend in China's emissions, he said. China installed 212 gigawatts of solar capacity in the first six months of the year, more than America's entire capacity of 178 gigawatts as of the end of 2024, the study said. Electricity from solar has overtaken hydropower in China and is poised to surpass wind this year to become the country's largest source of clean energy. Some 51 gigawatts of wind power was added from January to June. Li Shuo, the director of the China Climate Hub at the Asia Society Policy Institute in Washington, described the plateauing of China's carbon emissions as a turning point in the effort to combat climate change. This is a moment of global significance, offering a rare glimmer of hope in an otherwise bleak climate landscape, he wrote in an email response. It also shows that a country can cut emissions while still growing economically, he said. But Li cautioned that China's heavy reliance on coal remains a serious threat to progress on climate and said the economy needs to shift to less resource-intensive sectors. There's still a long road ahead, he said. One solar farm can power 5 million households A seemingly endless expanse of solar panels stretches toward the horizon on the Tibetan plateau. White two-story buildings rise above them at regular intervals. Sheep graze on the scrubby vegetation that grows under them. Solar panels have been installed on about two-thirds of the land. When completed, it will have more than 7 million panels and be capable of generating enough power for 5 million households. Like many of China's solar and wind farms, it was built in the relatively sparsely populated west. A major challenge is getting electricity to the population centres and factories in China's east. The distribution of green energy resources is perfectly misaligned with the current industrial distribution of our country, Zhang Jinming, the vice governor of Qinghai province, told journalists on a government-organised tour. Part of the solution is building transmission lines traversing the country. One connects Qinghai to Henan province. Two more are planned, including one to Guangdong province in the southeast, almost at the opposite corner of the country. Making full use of the power is hindered by the relatively inflexible way that China's electricity grid is managed, tailored to the steady output of coal plants rather than more variable and less predictable wind and solar, Myllyvirta said. This is an issue that the policymakers have recognized and are trying to manage, but it does require big changes to the way coal-fired power plants operate and big changes to the way the transmission network operates, he said. So it's no small task. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
