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Tube Investments’ Q1 net profit jumps 24%

02 Aug 2011 Evaluate

Tube Investments of India has reported unaudited results for the first quarter ended June 30, 2011.

The company’s profit for the quarter ended June 30, 2011 has increased by 23.60% at Rs 50.02 crore as compared to Rs 40.47 crore for the corresponding quarter last year. Its total revenue has grown by 21.92% at Rs 874.26 crore for the quarter under review from Rs 717.08 crore for the same quarter last year.

Tube Investments of India is a flagship company of the $2.4 billion Murugappa Group. It is engaged in manufacturing of precision steel tubes and strips, car doorframes, automotive and industrial chains and bicycles.

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