Tube Investments of India Ltd (BOM:540762)
₹ 3885.55 -95.45 (-2.4%) Market Cap: 751.54 Bil Enterprise Value: 724.47 Bil PE Ratio: 65.16 PB Ratio: 14.09 GF Score: 95/100
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Q1 2025 Tube Investments of India Ltd Earnings Call Transcript

Aug 02, 2024 / 04:30AM GMT
Release Date Price: ₹4049.4 (-0.94%)

Key Points

Positve
  • Standalone revenue for the quarter increased to INR1,960 crores from INR1,780 crores in the same period the previous year.
  • Consolidated revenue for the quarter rose to INR4,434 crores from INR3,767 crores in the corresponding quarter.
  • CG Power, in which the company holds a 58% stake, saw a significant revenue increase to INR2,228 crores from INR1,874 crores.
  • Shanthi Gears registered a revenue increase to INR139 crores from INR121 crores, with a profit increase to INR29 crores from INR24 crores.
  • The company is making good progress in the electric vehicle segment, with plans to launch new products and expand dealer networks.
Negative
  • Return on Invested Capital (ROIC) annualized dropped to 47% from 56% in the same period the previous year.
  • Free cash flow for the quarter decreased to INR42 crores from INR97 crores in the same period the previous year.
  • Metal formed products saw a decline in PBIT to INR36 crores from INR44 crores in the corresponding quarter of the previous year.
  • Mobility revenue for the quarter slightly decreased to INR181 crores from INR187 crores in the corresponding quarter the previous year.
  • The company faces challenges in the electronics and lens business, struggling to break into the Chinese-controlled supply chain.
Operator

Ladies and gentlemen, good day, and welcome to the Tube Investments of India Limited Q1 FY25 earnings conference call hosted by IIFL Securities. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Mudit Bhandari from IIFL Securities Limited. Thank you, and over to you, sir.

Mudit Bhandari;
IIFL Securities Limited - Investor Relations

Thank you, Neha, and good morning, everyone. Welcome to the Conference Call of Tube Investments of India for first-quarter FY25. From the management, we have Mr. Vellayan Subbiah, Executive Vice Chairman; Mr. Mukesh Ahuja, Managing Director; Mr. AN Meyyappan, Chief Financial Officer; Mr. Shivdeep Singh Jammu, VP, TPI; Mr. U. Rajagopal, Senior VP, TI Cycles; Mr. N. Govindarajan, CEO of 3xper Innoventure Limited; Mr. K K Paul, CEO of TICMPL; Mr. Anurag Vohra, COO of TICMPL; and Mr. Gopalkrishnan, CFO of TICMPL.

To start off, I'll hand over to Mr. M. Subbiah for opening comments, and then we'll start Q&A post that. Over to you, sir.

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