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Tube Investments of India reports 15% rise in Q1 consolidated net profit

03 Aug 2023 Evaluate

Tube Investments of India has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 9.95% rise in its net profit at Rs 147.69 crore for the quarter under review as compared to Rs 134.32 crore for the same quarter in the previous year. However, total income of the company decreased by 8.48% at Rs 1802.05 crore for Q1FY24 as compared Rs 1969.04 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 15.06% rise in net profit at Rs 283.69 crore for the first quarter ended June 30, 2023 as compared to Rs 246.55 crore for the same quarter in the previous year. Total income of the company increased by 3.84% at Rs 3946.14 crore for Q1FY24 as compared Rs 3800.28 crore for the corresponding quarter previous year.

Peers
Company Name CMP
SamvardhanaMotherson 164.00
Tube Investments 2650.00
Bosch 48602.60
UNO Minda 1223.50
Motherson SumiWiring 36.32
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