{"id":155485,"date":"2023-10-30T09:14:50","date_gmt":"2023-10-30T13:14:50","guid":{"rendered":"https:\/\/44.250.171.167\/?p=155485"},"modified":"2023-10-30T09:14:51","modified_gmt":"2023-10-30T13:14:51","slug":"tube-investments-of-india-ltd-q2fy24-23-rise-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tube-investments-of-india-ltd-q2fy24-23-rise-in-profits\/","title":{"rendered":"Tube Investments of India Ltd Q2FY24; 23% rise in Profits"},"content":{"rendered":"\n<p>Tube Investments of India Limited (TII) is one of India\u2019s leading manufacturers of a wide range of products for major industries such as Automotive, Railway, Construction, Mining, Agriculture, etc. The Company\u2019s 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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p>Tube Investments of India Ltd reported Revenues for Q2FY24 of \u20b94,306.00 Crores up from \u20b93,767.00 Crore year on year, a rise of 14.31%.<\/p>\n\n\n\n<p>Total Expenses for Q2FY24 of \u20b93,875.00 Crores up from \u20b93,360.00 Crores year on year, a rise of 15.33%.<\/p>\n\n\n\n<p>Consolidated Net Profit of \u20b9341.00 Crores up 23.1% from \u20b9277.00 Crores in the same quarter of the previous year.<\/p>\n\n\n\n<p>The Earnings per Share is \u20b913.62, up 22.92% from \u20b911.08 in the same quarter of the previous year.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-169-839x1024.png\" alt=\"\" class=\"wp-image-155486\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-169-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-169-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-169-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-169-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-169.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<p>*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.<\/p>\n\n\n\n<p>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/app.asai.alphastreet.io\/test-drive\/dashboard?utm_source=IN_WordPress&amp;utm_medium=IN_WordPress&amp;utm_campaign=IN_WordPress&amp;utm_id=IN_WordPress\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"870\" height=\"321\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/ASAI-Product-2-2.gif\" alt=\"\" class=\"wp-image-155467\"\/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Tube Investments of India Limited (TII) is one of India\u2019s leading manufacturers of a wide range of products for major industries such as Automotive, Railway, Construction, Mining, Agriculture, etc. The Company\u2019s 3 main verticals are Engineering, Metal Formed Products and Bicycles. In line with its growth strategies, the Company has forayed into TMT bars and [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":155486,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,5753],"tags":[9973,8235,10172],"class_list":["post-155485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-industrials","tag-automotive","tag-engineering","tag-railways"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-169.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":155976,"url":"https:\/\/alphastreet.com\/india\/sansera-engineering-ltd-q2fy24-2-rise-in-profits\/","url_meta":{"origin":155485,"position":0},"title":"Sansera Engineering Ltd Q2FY24; 2% rise in Profits","author":"Chirag Gupta","date":"November 9, 2023","format":false,"excerpt":"Sansera Engineering Ltd is an engineering-led manufacturer of complex and critical precision engineered components across automotive and non - automotive sectors. The company manufactures and supplies a wide range of precision forged and machined components for the automotive sector and for non - automotive sector it manufactures and supplies a\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-112.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-112.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-112.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-112.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-112.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-112.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":155898,"url":"https:\/\/alphastreet.com\/india\/varroc-engineering-ltd-q2fy24-3-rise-in-revenue\/","url_meta":{"origin":155485,"position":1},"title":"Varroc Engineering Ltd Q2FY24; 3% rise in Revenue","author":"Chirag Gupta","date":"November 7, 2023","format":false,"excerpt":"Varroc Engineering Ltd was incorporated in 1988, is the flagship company of the Aurangabad-based Varroc Group. Varroc is a global tier-1 automotive component group. It is engaged in the business of manufacturing and supplying automobile components to a wide range of OEMs across the globe Financial Results: Varroc Engineering Ltd\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-95.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-95.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-95.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-95.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-95.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-95.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":151052,"url":"https:\/\/alphastreet.com\/india\/tube-investments-of-india-ltd-q1fy24-15-rise-in-profits\/","url_meta":{"origin":155485,"position":2},"title":"Tube Investments of India Ltd Q1FY24; 15% rise in Profits","author":"Chirag Gupta","date":"August 3, 2023","format":false,"excerpt":"Tube Investments of India Limited (TII) is one of India\u2019s leading manufacturers of a wide range of products for major industries such as Automotive, Railway, Construction, Mining, Agriculture, etc. The Company\u2019s 3 main verticals are Engineering, Metal Formed Products and Bicycles. 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