Tube Investments Q3 net up 12% to ₹120 crore
The Hindu
Board declares an interim dividend of ₹2 per share
Tube Investments of India Ltd. (TII) standalone net profit for the third quarter ended December rose 12% to ₹120 crore on improved sales.
During the quarter under review, revenue from operations increased by 30% to ₹1,701 crore from ₹1,309 crore, it said in a regulatory filing.
Segmentwise revenue showed that engineering sector recorded ₹996 crore against ₹733 crore, metal formed products showed a marginal improvement at ₹330 crore from ₹315 crore, mobility division improved to ₹280 crore (₹234 crore) and revenue from other segment doubled to ₹159 crore.
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