Tube Investments of India Ltd (BOM:540762)
₹ 3980.2 -41.9 (-1.04%) Market Cap: 769.85 Bil Enterprise Value: 764.48 Bil PE Ratio: 62.22 PB Ratio: 14.76 GF Score: 89/100
Back to the Transcripts List

Q4 2024 Tube Investments of India Ltd Earnings Call Transcript

May 14, 2024 / 04:30AM GMT
Release Date Price: ₹3756.2 (-4.45%)

Key Points

Positve
  • Tube Investments of India Ltd (BOM:540762) reported a significant increase in revenue for the quarter, reaching INR1,962 crores compared to INR1,663 crores in the same quarter the previous year.
  • The company declared an interim dividend of INR2 per share in February 2024 and has recommended a final dividend of INR1.50 per share for the financial year 2023-24.
  • The engineering business showed strong performance with quarterly revenue of INR1,276 crores, up from INR1,044 crores in the corresponding quarter of the previous year.
  • Exports grew by 14% during the year, indicating a successful expansion into international markets.
  • Subsidiaries CG Power and Shanthi Gears sustained impressive performance, contributing positively to the consolidated results.
Negative
  • The Mobility business reported a loss before interest and tax of INR9 crores for the quarter, compared to a loss of INR5 crores in the same quarter the previous year.
  • The company's ROIC decreased slightly to 54% for the year ended March 31, 2024, from 55% in the previous year.
  • There were substantial increases in other expenses during the fourth quarter, including political contributions, which impacted reported margins.
  • The metal formed products business saw a decline in PBIT for the quarter, dropping to INR42 crores from INR45 crores in the corresponding quarter last year.
  • The EV business, particularly the three-wheeler segment, faced challenges due to changes in government incentive schemes, impacting primary sales in March.
Operator

Ladies and gentlemen, good day and welcome to Tube Investments' Q4 and FY24 earning conference call, hosted by IIFL Securities Limited. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Anupam Gupta from IIFL Securities. Thank you, and over to you, sir.

Anupam Gupta
IIFL Securities Limited - Analyst

Thanks, [Ria]. And good morning, everyone, and welcome to the results conference call for Tube Investments of India for FY24. From the management, we have Mr. Vellayan Subbiah, Executive Vice Chairman for TII; Mr. Arun Arunachalam, Executive Chairman for TII; Mr. Mukesh Ahuja, Managing Director; Mr. A. N. Meyyappan, Chief Financial Officer; Mr. K. R. Srinivasan, President and Whole-time Director for the Metal Formed Products business; Mr. Shivdeep Singh Jammu, Vice President for TPI; Mr. N. Govindarajan, CEO for 3xper Innoventure; Mr. K. K. Paul, CEO for TICMPL; Mr. S. Gopalakrishnan, CFO for TICMPL; and Mr. K. Murali, President for Business Development.

To start off, I'll hand it

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.