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Tube Investments of India Ltd Q1FY22 consolidated PAT at Rs. 120 crores



Posted On : 2021-08-13 19:48:15( TIMEZONE : IST )

Tube Investments of India Ltd Q1FY22 consolidated PAT at Rs. 120 crores

Tube Investments of India Ltd has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.2462.89 crores during the period ended June 30, 2021 as compared to Rs.2814.21 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.120 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.143.84 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.6.21 for the period ended June 30, 2021 as compared to Rs.7.58 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 2462.89 crs₹ 2814.21 crsDown Tick -12.48%
Net Profit₹ 120 crs₹ 143.84 crsDown Tick -16.57%
EPS₹ 6.21₹ 7.58Down Tick -18.07%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.2462.89 crores during the period ended June 30, 2021 as compared to Rs.464.50 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.120 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(64.10) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.6.21 for the period ended June 30, 2021 as compared to Rs.(3.41) for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 2462.89 crs₹ 464.50 crsUp Tick 430.22%
Net Profit₹ 120 crs₹ (64.10) crsUp Tick 287.21%
EPS₹ 6.21₹ (3.41)Up Tick 282.11%

Commenting on the financial results, Mr. M.A.M Arunachalam (known as Arun Murugappan), Chairman, Tube Investments of India Ltd, TII has delivered healthy performance for the quarter despite partial disruption in the operations in some of the businesses of the Company due to the impact of the 2nd wave of Covid-19 pandemic. The company witnessed good demand in the Engineering and the Metal Formed Products business. The signs of exports are encouraging with the opening of overseas markets. With revival of the operations we expect the momentum to pick up in the coming months.

Shares of Tube Investments of India Ltd was last trading in BSE at Rs. 1234.45 as compared to the previous close of Rs. 1185.55. The total number of shares traded during the day was 29763 in over 3787 trades.

The stock hit an intraday high of Rs. 1250 and intraday low of 1174. The net turnover during the day was Rs. 36348426.

Source : Equity Bulls

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