Q2 2025 Tube Investments of India Ltd Earnings Call Transcript
Key Points
- Tube Investments of India Ltd (NSE:TIINDIA) reported a 16% year-over-year increase in consolidated revenue, indicating strong top-line growth.
- The company has seen significant growth in its exports business, with high double-digit growth reported in the engineering segment.
- The electric mobility segment showed promising growth, with electric three-wheeler sales increasing significantly on a sequential basis.
- The company is expanding its dealer network for electric vehicles, aiming to reach 150 dealers by the end of the year.
- The medical devices business reported high double-digit growth in the domestic market, showing strong performance in this segment.
- Profit before tax for the quarter decreased to 225 crores from 245 crores in the same period last year, indicating a decline in profitability.
- The bicycle business continues to operate at a loss, although losses have been reduced compared to the previous year.
- The metal form products division is facing pricing issues in the railway business, impacting margins.
- The company's return on invested capital (ROIC) decreased to 45% from 67% in the same period last year.
- The electric mobility business faces intense competition from established players like Bajaj and Mahindra, which could impact market share and profitability.
Ladies and gentlemen, good day and welcome to Tube Investments Q2 FY25 earnings conference call hosted by IFL Securities Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your Touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr Anupam Gupta from IFL Securities Limited over to you, sir.
Yeah, thanks Luke and good morning, everyone and welcome to the second quarter call for new investments of India from the management. We have Mr. Vellayan Subbiah, executive Vice Chairman for TI. Mr Mukesh Ahuja managing director, Mr. AN Meyyappan, Chief Financial Officer for the for TI, Mr. Shivdeep Singh Jammu VP, TPI Mr. Rajagopal U senior VP for TI cycles. Mr. N Govindarajan Narayanan CEO for the expert Innovention limited Mr Anurag Gora CEO for the Team mobility
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