Mid Cap Consumer Durables Co Net Profit Soars 74%, Declares 1.50/Share Dividend

Mid cap company operating in Cycles & Accessories industry, Tube Investments of India Ltd on May 15 announced 74.3% year-on-year (YoY) jump in net profit to Rs 312 crore for the fourth quarter ended on March 31, 2023. The company declared net profit of Rs 179 crore in the corresponding quarter last year, as per the BSE filing. The board of directors also declared a final dividend of 1.50 per equity share. Check
details below:

Tube Investments of India Declares Dividend: According to the BSE filing of the company, "The Board of Directors has recommended a final dividend of Rs. 1.50 (Rupee One and Paise Fifty only) per equity share of Rupee 1l- each (lSlN 1NE974X01010) for the financial year ended 31st March, 2023. Together with the interim dividend of Rs.2/- per share, paid on 27th February 2023, the total dividend for the financial year 2022-23 works out to Rs,3.50 (Rupees Three and Paise Fifty only) per share. The said final dividend, if approved by the Members at the ensuing AGM, will be paid within 30 days from the date of the AGM (i.e., on or before 1st September,2023)."

Tube Investments of India Q4: The total revenue for the March quarter declared at Rs 3656.3 crore, up 12% as against Rs 3261 crore announced in the corresponding period of last fiscal, stated Tube Investments of India. At the operating level, EBITDA soared 67.4% to Rs 371.6 crore for the fourth quarter of this fiscal as against Rs 222 crore announced in the corresponding period of last fiscal.

Tube Investments of India Stock Performance & Return: Last trading price of Tube Investments of India is Rs 2645.30 apiece with intraday fall of 3.65%. The stock's 52-week high price is Rs 3046.25 apiece and 52-week low price is Rs 1458.70 apiece, respectively. The company's market capitalisation is Rs 51,086.32 crore. The shares of the company jumped 4% in last 6-months, 53% in last 1-year, 126% in last 2-years, and 679% in last 3-years. In last 5-years, the stock gave return of 1059%.

Tube Investments of India About: Tube Investments of India Ltd is engaged in manufacturing of precision steel tubes and strips, car doorframes, automotive and industrial chains and bicycles.