Tube Investments posts Rs 121 crore net profit for Q2
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Diversified products company Tube Investments of India Ltd, part of the Murugappa group, on Wednesday said it closed the second quarter with a net profit of Rs 121.42 crore.
In a regulatory filing, Tube Investments said it had logged a net profit of Rs 121.42 crore and a total income of Rs 1,676.35 crore for the second quarter.
For the previous year's corresponding period, the company had earned a net profit of Rs 95.93 crore on a total income of Rs 1,094.93 crore.
Tube Investments makes cold rolled steel strips, precision steel tubes, automotive/ industrial chains, roll-formed car door frames, cold rolled formed sections for railway wagons and passenger coaches, bicycles, fitness equipment and others.
The company will also be rolling out electric three-wheelers.
