Tube Investments net up 15% at 138 crore

Tube Investments of India (TII), part of Murugappa group, on Friday reported a 15% increase in its net profit at Rs 138 crore for the third quarter of FY23 as compared to Rs 120 crore in the corresponding quarter last fiscal.

Total revenue was flat at Rs 1,710 crore as compared to Rs 1,701 crore.

Also read: Corporates should clear MSME dues within 45 days: FM Sitharaman

Also Read

Loss-making BSNL faces higher revenue targets by Govt

In its second largest round of layoffs, Amazon to eliminate 9,000 employees on top of 18,000 in January

Prestige, Lodha eye Rs 20,000-crore sales club

DoT mulls to bring in private sector to manage C-DOT

The company plans to expand its capacity at the large diameter precision steel tubes manufacturing facility at Tiruttani near Chennai at a cost not exceeding Rs 141 crore, TII said in a release.