Tube Investments of India Limited — Updates, 01-08-2025: Press Release

Tube Investments of India reports solid Q1 financial results. Consolidated revenue grew to ₹5,309 Cr, with profit after tax at ₹303 Cr, influenced by a ₹137 Cr non-cash fair value adjustment on a subsidiary's convertible shares. Standalone profit after tax reached ₹168 Cr. Strategic moves include the acquisition of Renesas' RF Components business for ₹285 Cr and KCALtech for ₹62 Cr. Subsidiary CG Power showed strong performance, boosting its financial position by raising ₹3,000 Cr through a Qualified Institutional Placement.