Tube Investments of India has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 83.86% rise in its net profit at Rs 250.71 crore for the quarter under review as compared to Rs 136.36 crore for the same quarter in the previous year. Total income of the company increased by 3.54% at Rs 1,835.02 crore for Q4FY23 as compared to Rs 1,772.21 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 477.40 crore for fourth quarter ended March 31, 2023 as compared to Rs 225.22 crore for the same quarter in the previous year. Total income of the company increased by 11.63% at Rs 3,823.42 crore for Q4FY23 as compared to Rs 3,425.19 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 39.99% rise in its net profit at Rs 665.20 crore as compared to Rs 475.17 crore for the previous year. Total income of the company increased by 15.83% at Rs 7,451.17 crore for year under review as compared to Rs 6,432.91 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 33.70% rise in its net profit at Rs 1,325.06 crore as compared to Rs 991.04 crore for the previous year. Total income of the company increased by 20.36% at Rs 15,107.98 crore for year under review as compared to Rs 12,551.87 crore for year ended March 31, 2022.
