Gandhi Special Tubes is engaged in manufacturing and marketing of welded and seamless steel tubes of different sizes and specifications and Cold Formed Coupling Nuts. These products are mainly supplied to the Original Equipment Manufacturers (OEMs) of the automotive sector, Farm Equipment manufacturers, Construction equipment manufacturers and other Engineering Industries. It is also operating in the Power Sector through Windmills installed in Maharashtra and Gujarat in a modest way.
Financial Results:
- Gandhi Special Tubes Ltd reported Revenues for Q1FY24 of ₹46.00 Crores up from ₹44.00 Crore year on year, a rise of 4.55%.
- Total Expenses for Q1FY24 of ₹30.00 Crores up from ₹28.00 Crores year on year, a rise of 7.14%.
- Consolidated Net Profit of ₹16.00 Crores up 33.33% from ₹12.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹12.98, up 31.91% from ₹9.84 in the same quarter of the previous year.