Tube Investments of India surges on reporting 15% rise in Q1 consolidated net profit
Tube Investments of India is currently trading at Rs. 3078.65, up by 27.25 points or 0.89% from its previous closing of Rs. 3051.40 on the BSE.
The scrip opened at Rs. 3094.95 and has touched a high and low of Rs. 3094.95 and Rs. 2982.55 respectively. So far 4601 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3394.00 on 23-Jun-2023 and a 52 week low of Rs. 2035.00 on 24-Aug-2022.
Last one week high and low of the scrip stood at Rs. 3174.20 and Rs. 2982.55 respectively. The current market cap of the company is Rs. 59567.47 crore.
The promoters holding in the company stood at 46.13%, while Institutions and Non-Institutions held 42.12% and 11.76% respectively.
Tube Investments of India has reported 9.95% rise in its net profit at Rs 147.69 crore for the first quarter ended June 30, 2023 as compared to Rs 134.32 crore for the same quarter in the previous year. However, total income of the company decreased by 8.48% at Rs 1802.05 crore for Q1FY24 as compared Rs 1969.04 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 15.06% rise in net profit at Rs 283.69 crore for the first quarter ended June 30, 2023 as compared to Rs 246.55 crore for the same quarter in the previous year. Total income of the company increased by 3.84% at Rs 3946.14 crore for Q1FY24 as compared Rs 3800.28 crore for the corresponding quarter previous year.
