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.
- Tube Investments Ltd reported Total revenue for Q4 FY23 of ₹3,778 Crore, up from ₹3,393 Crore year on year depicting a growth of 11%.
- Total Expenses for Q4 FY23 of ₹3,287 Crore up, from ₹3,042 Crore year on year, a growth of 8%.
- Consolidated Net Profit of ₹477 Crore, up 112% from ₹225 Crore in the same quarter of the previous year.
- The Earnings per Share is ₹16.15, up 74% from ₹9.27 in the same quarter of the previous year.