Tube Investments reports PAT of Rs 101 cr in Q2, revenue of Rs 1,193 cr

Tube Investments of India Limited (TII), a Murugappa Group company, reported profit after tax of Rs 101 crore during the quarter ended September 30, 2020 as against Rs 93 crore in the corresponding period last year. TII’s consolidated revenue for the quarter was Rs 1,193 crore as against Rs 1,247 crore in the corresponding quarter of the previous year.

Shanthi Gears Ltd, a TII subsidiary in the gears business, in which the company holds a 70.47 per cent stake, registered a revenue of Rs 54 crore during the quarter as against Rs 71 crore in the corresponding quarter of the previous year. Profit after tax for the quarter was Rs 7 crore as against Rs 8 crore in the corresponding period last year