Tube Investments of India, a Murugappa Group company, has registered a two-fold jump in consolidated net profit at Rs 147.52 crore for the last quarter of 2014-15 fiscal.
The Chennai-based company had a consolidated net profit of Rs 69.18 crore during the year-ago period.
Consolidated total income from operations for the January-March 2015 quarter rose to Rs 2,367.35 crore from Rs 2,282.56 crore in same period of 2013-14.
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The company said it sold certain non-operating assets and earned profits of Rs 61.43 crore during the quarter.
For the financial year ending March 31, 2015, net profit grew by 36.3 per cent to Rs 424.36 crore from Rs 311.31 crore in 2013-14.
Total income from operations stood at Rs 9,697.56 crore in 2014-15 as against Rs 8,834.49 crore in 2013-14.
The Board of Directors recommended a final dividend of Rs 0.50 per equity share of Rs 2 each for the year ending March 31, 2015. An interim dividend of Rs 1.50 per share was declared at the meeting of the Board on February 4 and the same has been paid, it said.
Shares of the company ended at Rs 373.25 apiece, up by 1.19 per cent over previous close at BSE.
