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Tube Investments plans ₹170-crore expansion in fine blanking products biz

Tube Investments plans ₹170-crore expansion in fine blanking products biz


Murugappa Group’s engineering company Tube Investments of India proposes to invest ₹170 crore in greenfield and brownfield capacity expansion programmes.

The board has approved a capital investment of about ₹170 crore to enhance capability and serviceability with regard to the fine blanking business by establishing a greenfield facility in western India and expanding of existing manufacturing facility in southern India. The project will be primarily funded through internal accrual and is expected to be completed by FY26, the company said.

Since the proposed expansion aims to strengthen in-house capabilities and support a wider range of products, the exact manufacturing capacity cannot be determined at this stage.

The company is an established player in fine blanking products, which comes under metal-formed products division.

On Monday, the company’s board declared an interim dividend of ₹2 per share for FY25.

Q3 results

The company reported a standalone profit after tax of ₹161 crore for the quarter ended December 31, 2024, compared with ₹157.5 crore in the year-ago quarter. Its total revenue from operations was higher at ₹1,910 crore (₹1,898 crore).

The engineering division reported a drop in revenue to ₹1,212 crore (₹1,229 crore), while metal formed products division saw an increase in revenue to ₹400 crore (₹392 crore). Mobility division’s revenue was lower at ₹142 crore (₹147 crore).

Profit before tax (after exceptional items) stood at ₹212 crore (₹210 crore). 

Tll’s consolidated revenue for the quarter stood at ₹4,812 crore (₹4,197 crore). The profit (before share of profit of an Associate/Joint Venture, Exceptional items and Tax) for the quarter was at ₹427 crore (₹395 crore).





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