Tube Investments of India Q1FY24 Results: Consolidated PAT Drops to Rs. 214.97 Cr

Tube Investments of India Q1FY24 Results: Consolidated PAT Drops to Rs. 214.97 Cr

Tube Investments of India Q1 results show revenue up from 3823.42 crores to 3946.14 crores, a 3.21% increase in growth. EPS down from ₹24.70 to ₹11.12, down by 00%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Tube Investments of India shared its Q1 results on Thursday. They earned 3946.14 crores in revenue this quarter, but that’s more than the 3823.42 crores they made last quarter. The company’s growth increased by 3.21 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 214.97 crores, down from 311.84 crores in the previous quarter. Their quarter-to-quarter growth decreased by -31.06 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹11.12, which is a decrease of -54.98% from the ₹24.70 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 3946.14 crores this year (2023), which is 3.84 percent higher than last year’s total revenue of 3800.28 crores.

This year’s PAT (Profit After Tax) is 214.97 crores, which is also 10.49% higher than last year’s PAT of 194.56 crores.

The EPS (Earnings Per Share) for this year is ₹11.12, which is 10.54% more than the EPS of ₹10.06 earned last year.

Also Read: Solar Industries India Q1FY24 Results: Consolidated PAT of Rs. 197.41 Cr

Tube Investments of India Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Tube Investments of India:

Tube Investments of India Limited is an Indian engineering and manufacturing company that focuses on bicycles, metal formed products, and chains. Headquartered in Chennai, it operates as part of the Murugappa Group. Originally incorporated as TI Cycles of India Limited in 1949, the company was established as a joint venture.

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