Tube Investments of India records standalone Q2 net profit up by 113 pct
TII’s Revenue for the quarter was higher by 2% at INR1062 Cr. as against INR 1038 Cr. in the corresponding quarter of the previous year.
The profit before interest and tax for the quarter was at INR 88 Cr. as against INR 73 Cr. in the corresponding quarter of the previous year.
The PAT for the quarter was higher by 113% at INR 54 Cr. as compared to INR 25 Cr. in the corresponding quarter of the previous year.
L. Ramkumar, Managing Director said, “During the quarter, Auto Industry registered a growth of 11% in passenger vehicles and 14% in two wheeler segment.
The company’s export turnover grew by 72% over corresponding quarter in the previous year.
This leads to 113% growth in PAT in the current quarter compared with the corresponding quarter of the previous year”
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