{
  "id": 1668347,
  "title": "Tube Investments of India shares surge 8% after Q1 earnings. What Motilal Oswal is saying",
  "url": "https://urgent.news/2026/08/18/tube-investments-of-india-shares-surge-8-after-q1-earnings-what",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T07:28:15.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/tube-investments-of-india-shares-surge-8-after-q1-earnings-what-motilal-oswal-is-saying/articleshow/133315012.cms"
  },
  "original_language": "en",
  "account": "On Tuesday, shares of Tube Investments of India soared over 8% to Rs 2,952 on the BSE following the company's Q1 earnings report. The Q1 profit after tax saw a 5% year-on-year decline to Rs 158.62 crore, while revenue from operations rose to Rs 2,227.63 crore, up from Rs 1,892.48 crore in the same period last year. Motilal Oswal, a domestic brokerage firm, maintained its Buy rating on the stock, targeting Rs 3,379, citing steady earnings despite a margin shortfall. The company's Engineering business reported a 17% volume growth, and exports grew at double digits, with MFP revenue expanding at 11.5% during the quarter. Motilal Oswal highlighted the diversified revenue streams, citing solid growth in the core business, CG Power, and the potential growth from new businesses under the TI-2 strategy. While auto demand has rebounded due to GST rate cuts, the near-term outlook for the sector remains cautious due to geopolitical uncertainties. Management remains optimistic about the near-term demand scenario, expecting steady CAGR growth in revenue, EBITDA, and PAT over FY26-28. The company is focused on scaling its core businesses and investing in emerging sectors such as medical, CDMO, EV mobility, and battery manufacturing.",
  "summary": "Tube Investments of India shares surged after the company reported a 5% year-on-year decline in Q1FY27 profit to Rs 158.62 crore, despite a 17.7% rise in revenue to Rs 2,227.63 crore. Motilal Oswal retained its Buy rating with a Rs 3,379 target, citing strong core business performance, 17% engineering volume growth and double-digit export growth.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}