Tube Investments of India Ltd Q1FY24; 15% rise in Profits

Tube Investments of India Limited (TII) is one of India’s leading manufacturers of a wide range of products for major industries such as Automotive, Railway, Construction, Mining, Agriculture, etc. The Company’s 3 main verticals are Engineering, Metal Formed Products and Bicycles. In line with its growth strategies, the Company has forayed into TMT bars and Truck Body Building business and is additionally exploring opportunities in optic lens and other vision systems for the Auto industry.

Financial Results:

Tube Investments of India Ltd reported Revenues for Q1FY24 of ₹3,898.00 Crores up from ₹3,776.00 Crore year on year, a rise of 3.23%.

Total Expenses for Q1FY24 of ₹3,551.00 Crores up from ₹3,473.00 Crores year on year, a rise of 2.25%.

Consolidated Net Profit of ₹284.00 Crores up 14.98% from ₹247.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹11.12, up 10.32% from ₹10.08 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.