Tube Investments of India has reported results for second quarter ended September 30, 2016.
The company has reported over two fold jump in its net profit at Rs 53.80 crore for the quarter under review as compared to Rs 25.22 crore for the same quarter in the previous year. Total income of the company increased by 3.18% at Rs 1079.94 crore for the quarter under review as compared Rs 1046.64 crore for the corresponding quarter previous year.
Tube Investments of India is the flagship company of the Murugappa Group with multiple businesses ranging from diversified auto-ancillary products, bicycle retailing to financial services and insurance.
