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.
|
Total Income | ₹ 2462.89 crs | ₹ 2814.21 crs | -12.48% |
Net Profit | ₹ 120 crs | ₹ 143.84 crs | -16.57% |
EPS | ₹ 6.21 | ₹ 7.58 | -18.07% |
Financial Results (Q1 FY 2021-22) - YoY ComparisonThe 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.
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Total Income | ₹ 2462.89 crs | ₹ 464.50 crs | 430.22% |
Net Profit | ₹ 120 crs | ₹ (64.10) crs | 287.21% |
EPS | ₹ 6.21 | ₹ (3.41) | 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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