TII Q1 net up 9% at Rs 158 crore

Tube Investments of India (TII) on Monday said that the company’s consolidated net profit before minority interest for the first quarter ended June 30, has increased by nine per cent.

The company’s consolidated net profit before minority interest for the quarter was at Rs 158 crore, a growth of nine per cent against the corresponding quarter of the previous year.

Net profit after minority interest for the quarter was at Rs 95 crore against Rs 90 crore for the corresponding quarter in the previous year.

TII’s revenues for the quarter was higher by three per cent at Rs 1,009 crore, as against Rs 977 crore, for the corresponding quarter in the previous year.

The profit before interest and tax for the quarter was Rs 62 crore, as against Rs 60 crore, for the corresponding quarter in the previous year.

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