 "Tube Investments hits record high as Q4 net more than doubles")
Shares of Tube Investments of India has rallied 8% to Rs 404 on the NSE in early morning trade after its consolidated net profit more than doubled to Rs 148 crore for the quarter ended March 2015 (Q4), on the back of strong operational performance. The Murugappa Group firm had registered a profit of Rs 69 crore in a year ago quarter.
During the quarter under review, total operational income grew 3.7% at Rs 2,367 crore, while total expenditure increased 1.3% at Rs 2,091 crore over the previous year quarter.
The stock opened at Rs 405 and touched a record high of Rs 410 on the NSE. A combined 301,301 shares changed hands on the counter till 0926 hours on the NSE and BSE.
During the quarter under review, total operational income grew 3.7% at Rs 2,367 crore, while total expenditure increased 1.3% at Rs 2,091 crore over the previous year quarter.
The stock opened at Rs 405 and touched a record high of Rs 410 on the NSE. A combined 301,301 shares changed hands on the counter till 0926 hours on the NSE and BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%