Tube Investments of India has reported results for third quarter ended December 31, 2015.
The company has reported a net profit of Rs 15.89 crore for the quarter ended December 31, 2015 as compared to net loss of Rs 44 lakh for the same quarter in the previous year. The company’s total income has decreased by 4.27% to Rs 902.69 crore for the quarter under review from Rs 942.92 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported 27.96% rise in its net profit after taxes, minority interest and share of profit / (loss) of associates of Rs 111.50 crore for the quarter ended December 31, 2015 as compared to Rs 87.14 crore for the same quarter in the previous year. However, total income of the company has decreased by 38.80% at Rs 1513.62 crore for quarter under review as compared to Rs 2473.31 crore for the quarter ended December 31, 2014.
