Tube Investments of India standalone net profit declines 57.59% in the March 2018 quarter

Sales rise 0.49% to Rs 1032.23 crore

Net profit of Tube Investments of India declined 57.59% to Rs 20.59 crore in the quarter ended March 2018 as against Rs 48.55 crore during the previous quarter ended March 2017. Sales rose 0.49% to Rs 1032.23 crore in the quarter ended March 2018 as against Rs 1027.16 crore during the previous quarter ended March 2017.

For the full year,net profit declined 14.15% to Rs 136.46 crore in the year ended March 2018 as against Rs 158.95 crore during the previous year ended March 2017. Sales rose 10.93% to Rs 4326.60 crore in the year ended March 2018 as against Rs 3900.45 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales1032.231027.16 0 4326.603900.45 11 OPM %8.218.15 -8.669.33 - PBDT80.6875.73 7 346.24322.75 7 PBT48.9641.50 18 217.94201.50 8 NP20.5948.55 -58 136.46158.95 -14

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