08-04-2022 12:20 PM | Source: Accord Fintech
Tube Investments of India shines on reporting 71% rise in Q1 consolidated net profit
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Tube Investments of India is currently trading at Rs. 2214.20, up by 98.80 points or 4.67% from its previous closing of Rs. 2115.40 on the BSE.

The scrip opened at Rs. 2130.00 and has touched a high and low of Rs. 2247.00 and Rs. 2127.50 respectively. So far 15009 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2359.95 on 21-Jul-2022 and a 52 week low of Rs. 1118.95 on 04-Aug-2021.

Last one week high and low of the scrip stood at Rs. 2247.00 and Rs. 1983.25 respectively. The current market cap of the company is Rs. 43123.74 crore.

The promoters holding in the company stood at 46.45%, while Institutions and Non-Institutions held 40.60% and 12.95% respectively.

Tube Investments of India has reported a rise of 38.53% in its net profit at Rs 134.32 crore for the quarter ended June 30, 2022 as compared to Rs 96.96 crore for the same quarter in the previous year. Total income of the company increased by 55.33% at Rs 1969.04 crore for Q1FY23 as compared Rs 1267.64 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 71.45% in its net profit at Rs 246.55 crore for the quarter ended June 30, 2022 as compared to Rs 143.80 crore for the same quarter in the previous year. Total income of the company increased by 55.28% at Rs 3822.83 crore for Q1FY23 as compared Rs 2461.89 crore for the corresponding quarter previous year.