Hot Pursuit     03-Aug-23
Tube Investments Q1 PAT up 10% YoY to Rs 214 crore
Tube Investments of India reported 10% rise in consolidated net profit to Rs 214.97crore on a 4% increase in revenue from operations to Rs 3,767.47 crore in Q1 FY24 as compared with Q1 FY23.

Total expenses rose by 3% to Rs 3,550.50 crore in Q1 FY24 over Q1 FY23, due to higher raw material costs (up 2% YoY), higher employee expenses (up 15% YoY), higher depreciation charges (up 28% YoY) and higher other expenses (up 17% YoY).

Profit before tax in Q1 FY24 stood at Rs 382.29 crore, up by 17% from Rs 327.15 crore in Q1 FY23.

Tube Investments of India, a Murugappa Group company, is one of India's leading manufacturers of a wide range of precision engineered and metal formed products for major industries such as automotive, railway, construction, mining, agriculture, etc. The company is also a leading manufacturer of bicycles in India, with a range of iconic brands and a strong market presence.

The scrip rose 0.78% to currently trade at Rs 3075.05 on the BSE.

Previous News
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 ( Corporate News - 18-Aug-23   18:45 )
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 ( Hot Pursuit - 17-Sep-24   09:30 )
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 ( Hot Pursuit - 14-Sep-23   15:35 )
  Board of Tube Investments of India recommends interim dividend
 ( Corporate News - 02-Feb-24   10:21 )
  Tube Investments of India consolidated net profit rises 10.49% in the June 2023 quarter
 ( Results - Announcements 03-Aug-23   17:00 )
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 ( Corporate News - 23-Sep-22   18:33 )
  Tube Investments of India Ltd soars 6.46%, up for third straight session
 ( Hot Pursuit - 19-Jul-22   13:05 )
  Tube Investments Q1 PAT up 10% YoY to Rs 214 crore
 ( Hot Pursuit - 03-Aug-23   14:35 )
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