Tube Investments of India
Tube Investments of India
Tube Investments of India Ltd.
Tube Investments net doubles in Q3

Tube Investments of India has doubled its net profit for the third quarter of the current year as compared with the corresponding quarter previously.

It saw a pick up in demand driven by increased two-wheeler sales and growth in bicycle sales.

For the quarter ended December 31, 2013, the company reported a net profit of Rs.15.40 crore (Rs.7.49 crore) on a total income of Rs.833.66 crore (Rs.764.97 crore). It has announced an interim dividend of Rs.1.50 a share of Rs.2 for 2013-14. On the BSE, the company’s shares closed lower at Rs.180.60 against the previous close of Rs.182.35.