TUBE INVESTMENTS OF INDIA LTD Q 2 NET UP BY 46%

The Board of Directors of Tube Investments of India Limited (TII) met today and approved the un-audited financial results for the quarter ended 30th September, 2011.

Sales for the quarter were up by 17% at Rs. 846 Cr. as against Rs.721 Cr. for the same period last year. The profit before depreciation, interest and tax for the quarter was at Rs. 96 Cr. against Rs. 82 Cr. last year, a growth of 17%. The profit before tax for the quarter improved by 20% and was higher at Rs. 60 Cr. against Rs. 50 Cr, in the previous year.
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Mr. L. Ramkumar, Managing Director said, â