Tube Investments' Q1 FY2027 standalone revenue grew to Rs. 2,366 Cr, though PBT saw a slight dip due to commodity steel price inflation.

Management expects full recovery of steel price increases in coming quarters, targeting margin improvement.

Engineering volumes grew 17%, driven by strong demand and double-digit export growth.

The e-Mobility business achieved its highest-ever quarterly turnover (Rs. 240 Cr), showing traction across segments and moving past peak losses; one business aims for breakeven this year.

TI Medical also grew ~20%. Capex for FY27 (excluding CG Power) is projected at Rs. 600-700 Cr for core and new ventures like 3xper CDMO.

External EV investments convert at IPO.