Tube Investments of India has allotted 15,731 equity shares under ESOP on 10 December 2024. With this allotment, the number of equity shares outstanding has increased from 19,34,56,447 to 19,34,72,178 and the paid up equity share capital from Rs. 19,34,56,4471- to Rs. 19,34,72,1781-.Powered by Capital Market - Live

Tube Investments of India has allotted 5,760 equity shares under ESOP on 05 December 2024. With this allotment, the number of equity shares outstanding has increased from 19,34,50,687 to 19,34,56,447 and the paid up equity share capital from Rs. 19,34,50,687 to Rs. 19,34,56,447.Powered by Capital Market - Live

Tube Investments of India (Tll) has announced the execution of definitive agreement for subscription of 67% equity stake in Kcaltech System India (KCAL India), a subsidiary of KC Altech Co. based in South Korea (KCAL Korea). This strategic acquisition will enable TII to strengthen its position in the growing automotive sector, particularly in the domain of aluminium tubes and parts used in Heating, Ventilation, and Air Conditioning (HVAC) systems for automobiles. The proposed investment will support KCAL India's expansion plans, including increasing its manufacturing capabilities. The proposed acquisition aligns with TII's long-term growth strategy, as it continues to diversify into adjacent business segments that complement its core offerings. With the rising demand for automobiles in India, fuelled by increasing population, disposable income, and government initiatives, TII is targeting the aluminium tubes and parts segment as a key growth area. KCAL India, based in Chennai, has established itself as a prominent manufacturer of aluminium tubes and parts for HVAC applications in the automobile industry. The company also trades in aluminium forged parts, such as pistons, shoes, and scrolls. Powered by Capital Market - Live

KCAL India, a subsidiary of South Korea's KC Altech Co (KCAL Korea), specialized in the manufacturing of aluminum tubes and components used in heating, ventilation, and air conditioning (HVAC) systems within the automotive sector. For the financial year 2023-24, the company reported an audited turnover of Rs 80 crore. This strategic acquisition will allow TII to enhance its presence in the expanding automotive sector, particularly in aluminum tube production for HVAC applications. The investment will also help KCAL India scale up its manufacturing capabilities to support its growth plans. The company is set to acquire a 67% stake in Kcaltech System India (KCAL India) for a consideration of Rs 62 crore. As part of the transaction, the firm will subscribe to 2,24,08,313 equity shares, which will represent 67% of KCAL India's equity share capital. The acquisition is expected to be completed on or before by 31 January 2025, subject to satisfactory completion of the conditions precedent as contained in the share subscription and shareholders agreement executed between the parties. Mukesh Ahuja, Managing Director of TII, stated, 'Through this acquisition and the planned expansion of KCAL India, we are entering the growing automobile HVAC ecosystem. This move will enable us to tap into the expanding market for aluminium components used in automobile HVAC systems, aligning our capabilities with the increasing demand for these solutions in India.' Andrew Choi, president, KCAL Korea said, 'Our collaboration with TII will provide new opportunities to KCAL India and foster mutual growth. KCAL India would immensely benefit from the industry expertise and customer relationships of TII in the automobile segment. With our experience and TII's backing, together we aim to capture the growing demand for indigenously made aluminium tubes'. Tube Investments of India, a Murugappa Group company, is one of India's leading manufacturers of a wide range of precision engineered and metal formed products for major industries such as automotive, railway, construction, mining, agriculture, etc. The company is also a leading manufacturer of bicycles in India, with a range of iconic brands and a strong market presence. The company reported 18.63% fall in consolidated net profit to Rs 299.77 crore despite a 14.37% increase in total income from operations to Rs 4,924.55 crore in Q2 FY25 over Q2 FY24. The scrip slipped 1.59% to Rs 3,380.45 on the BSE. Powered by Capital Market - Live

Profit before tax (PBT) in Q2 FY25 stood at Rs 425.92 crore, down by _ % from Rs 517.98 crore in Q2 FY24. On a standalone basis, the company has reported revenue of Rs 2,064.84 crore in Q2 FY25 as compared with the revenue of Rs 1,969.62 crore posted in Q2 FY24, up 4.83% YoY. The Engineering division's revenue for the quarter was Rs 1,323 crore compared with Rs 1,274 crore in the corresponding quarter of the previous year, up 3.85% YoY. Metal Formed Products business recorded revenues of Rs 404 crore (up 1% YoY) in Q2 FY25. Mobility revenue and Others revenue was Rs 168 crore (down 5.08% YoY) and Rs 243 crore (up 17.39% YoY), respectively. PBT was Rs 225 crore as against Rs 245 crore in the same period previous year, down 8.2% YoY. Total tax outgo for the period under review was Rs 56.71 crore (down 10.52% YoY). Accordingly, the profit after tax for Q2 FY25 was Rs 167.80 crore, down 7.52% YoY. Tube Investments of India, a Murugappa Group company, is one of India's leading manufacturers of a wide range of precision engineered and metal formed products for major industries such as automotive, railway, construction, mining, agriculture, etc. The company is also a leading manufacturer of bicycles in India, with a range of iconic brands and a strong market presence. Powered by Capital Market - Live

Net profit of Tube Investments of India declined 22.30% to Rs 206.79 crore in the quarter ended September 2024 as against Rs 266.15 crore during the previous quarter ended September 2023. Sales rose 14.71% to Rs 4782.51 crore in the quarter ended September 2024 as against Rs 4169.26 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4782.514169.26 15 OPM %10.2513.48 - PBDT544.57610.48 -11 PBT425.92498.53 -15 NP206.79266.15 -22 Powered by Capital Market - Live

Tube Investments of India will hold a meeting of the Board of Directors of the Company on 4 November 2024Powered by Capital Market - Live

Tube Investments of India Ltd gained 1.06% today to trade at Rs 4087.9. The BSE Auto index is up 0.3% to quote at 58485.94. The index is up 1.15 % over last one month. Among the other constituents of the index, Samvardhana Motherson International Ltd increased 0.67% and Bosch Ltd added 0.48% on the day. The BSE Auto index went up 56.08 % over last one year compared to the 22.91% surge in benchmark SENSEX. Tube Investments of India Ltd has added 2.07% over last one month compared to 1.15% gain in BSE Auto index and 3.29% rise in the SENSEX. On the BSE, 35 shares were traded in the counter so far compared with average daily volumes of 4194 shares in the past one month. The stock hit a record high of Rs 4666 on 10 Jul 2024. The stock hit a 52-week low of Rs 2881.3 on 23 Oct 2023.Powered by Capital Market - Live

Tube Investments of India has allotted 3400 equity shares under ESOP on 13 August 2024. With this allotment, the number of equity shares outstanding has increased from 19,34,15,876 to 19,34,19,276 and the paid up equity share capital from Rs. 19,34,15,876 to Rs. 19,34,19,276. Powered by Capital Market - Live