Tube Investments of India Limited reports Q1 Net Profit growth at 135%
TII’s Revenue for the quarter was higher by 6% at `1146 Cr. as against `1076 Cr. for the corresponding quarter in the previous year.
The profit before interest and tax for the quarter was at `88 Cr. as against `62 Cr. for the corresponding quarter in the previous year.
The PAT for the quarter was higher by 135% at `42 Cr. as compared to `18 Cr. for the corresponding period in the previous year.
L. Ramkumar, Managing Director said, “The pickup in all segments of the Auto Sector and reduction in finance charges due to loan repayments helped the Company record a PBT of `64 Cr. as against `27 Cr. for the corresponding quarter in the previous year, a growth of 135%.”
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