Tube Investments of India Ltd Share Price – NSE /  BSE

Steel, Mid Cap

Profit before tax (PBT) in Q2 FY25 stood at Rs 425.92 crore, down by _ % from Rs 517.98 crore in Q2 FY24.

On a standalone basis, the company has reported revenue of Rs 2,064.84 crore in Q2 FY25 as compared with the revenue of Rs 1,969.62 crore posted in Q2 FY24, up 4.83% YoY.

The Engineering division’s revenue for the quarter was Rs 1,323 crore compared with Rs 1,274 crore in the corresponding quarter of the previous year, up 3.85% YoY.

Metal Formed Products business recorded revenues of Rs 404 crore (up 1% YoY) in Q2 FY25. Mobility revenue and Others revenue was Rs 168 crore (down 5.08% YoY) and Rs 243 crore (up 17.39% YoY), respectively.

PBT was Rs 225 crore as against Rs 245 crore in the same period previous year, down 8.2% YoY. Total tax outgo for the period under review was Rs 56.71 crore (down 10.52% YoY).

Accordingly, the profit after tax for Q2 FY25 was Rs 167.80 crore, down 7.52% YoY.

Tube Investments of India, a Murugappa Group company, is one of India's leading manufacturers of a wide range of precision engineered and metal formed products for major industries such as automotive, railway, construction, mining, agriculture, etc. The company is also a leading manufacturer of bicycles in India, with a range of iconic brands and a strong market presence.

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Net profit of Tube Investments of India declined 22.30% to Rs 206.79 crore in the quarter ended September 2024 as against Rs 266.15 crore during the previous quarter ended September 2023. Sales rose 14.71% to Rs 4782.51 crore in the quarter ended September 2024 as against Rs 4169.26 crore during the previous quarter ended September 2023.

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Tube Investments of India will hold a meeting of the Board of Directors of the Company on 4 November 2024

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Tube Investments of India Ltd gained 1.06% today to trade at Rs 4087.9. The BSE Auto index is up 0.3% to quote at 58485.94. The index is up 1.15 % over last one month. Among the other constituents of the index, Samvardhana Motherson International Ltd increased 0.67% and Bosch Ltd added 0.48% on the day. The BSE Auto index went up 56.08 % over last one year compared to the 22.91% surge in benchmark SENSEX.

Tube Investments of India Ltd has added 2.07% over last one month compared to 1.15% gain in BSE Auto index and 3.29% rise in the SENSEX. On the BSE, 35 shares were traded in the counter so far compared with average daily volumes of 4194 shares in the past one month. The stock hit a record high of Rs 4666 on 10 Jul 2024. The stock hit a 52-week low of Rs 2881.3 on 23 Oct 2023.

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