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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.