Tube Investments net profit in third quarter rises 37% to Rs 107 cr

The company's revenue for the quarter was at Rs 1,309 cr as against Rs 976 cr in the corresponding quarter of the previous year

Tube Investments of India Limited (TII), part of Rs 38,105-crore Murugappa Group, elected M A M Arunachalam (also known as Arun Murugappan) as the Chairman of the Board of Directors with immediate effect. Currently he is its non-executive, non-independent director.

Meanwhile, the company has reported a profit of Rs 107.07 crore during the quarter ended December 31, 2020 as compared to Rs 78.27 crore, during the same period a year