Tube Investments of India has reported results for third quarter ended December 31, 2016.
The company has reported 67.40% rise in its net profit at Rs 27.47 crore for the quarter under review as compared to Rs 16.41 crore for the same quarter in the previous year. Total income of the company increased by 8.29% at Rs 1049.61 crore for the quarter under review as compared Rs 969.22 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.
