Tube Investments of India surges on reporting 20% rise in Q2 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Tube Investments of India is currently trading at Rs. 2895.20, up by 11.10 points or 0.38% from its previous closing of Rs. 2884.10 on the BSE.
The scrip opened at Rs. 2895.00 and has touched a high and low of Rs. 2968.00 and Rs. 2888.70 respectively. So far 9563 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2,968.00 on 07-Nov-2022 and a 52 week low of Rs. 1440.00 on 09-Mar-2022.
Last one week high and low of the scrip stood at Rs. 2,968.00 and Rs. 2664.75 respectively. The current market cap of the company is Rs. 55892.30 crore.
The promoters holding in the company stood at 46.45%, while Institutions and Non-Institutions held 40.81% and 12.74% respectively.
Tube Investments of India has reported results for second quarter ended September 30, 2022.
The company has reported a rise of 17.33% in its net profit at Rs 142.46 crore for the quarter under review as compared to Rs 121.42 crore for the same quarter in the previous year. Total income of the company increased by 14.55% at Rs 1920.32 crore for Q2FY23 as compared Rs 1676.35 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 19.57% in its net profit at Rs 277.27 crore for the quarter under review as compared to Rs 231.88 crore for the same quarter in the previous year. Total income of the company increased by 15.93% at Rs 3812.94 crore for Q2FY23 as compared Rs 3289.03 crore for the corresponding quarter previous year.
