Business Standard

Wednesday, January 22, 2025 | 04:30 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Tube Investments Of India

Nifty Auto on slippery ground; 13 out of 15 stocks trade below 200-DMA

Hero Moto, Tata Motors and Bharat Forge are the worst hit as shares trade at over 20% discount against the long-term moving average. Maruti, Bosch, Bajaj Auto stock could dip another 11%.

Nifty Auto on slippery ground; 13 out of 15 stocks trade below 200-DMA
Updated On : 10 Jan 2025 | 2:02 PM IST

Tube Investments to get 67% stake in Kcaltech System India for Rs 62 cr

Murugappa Group firm Tube Investments of India Ltd on Thursday said it will acquire a 67 per cent equity stake in the Indian arm of South Korea's KC Altech Co Ltd for Rs 62 crore. The company has executed a definitive agreement for subscription of a 67 per cent equity stake in Kcaltech System India Pvt Ltd (KCAL India), a subsidiary of KC Altech Co Ltd, the Tube Investments of India (TII) said in a statement. "This strategic acquisition will enable TII to strengthen its position in the growing automotive sector, particularly in the domain of aluminium tubes and parts used in heating, ventilation, and air conditioning (HVAC) systems for automobiles," it added. The proposed investment will support KCAL India's expansion plans, including increasing its manufacturing capabilities, the company added. The acquisition will be carried out "by way of subscription to fresh equity shares for a consideration of about Rs 62 crore", TII said in a regulatory filing. The acquisition is expected t

Tube Investments to get 67% stake in Kcaltech System India for Rs 62 cr
Updated On : 28 Nov 2024 | 2:49 PM IST

Tube Investment down 5% as Q2 profit declines 14%, expenses rise 18%

The engineering division of Tube investment clocked a revenue of Rs 1,323 crore compared to Rs 1,274 crore in the corresponding period in the preceding fiscal

Tube Investment down 5% as Q2 profit declines 14%, expenses rise 18%
Updated On : 05 Nov 2024 | 11:05 AM IST

Tube Investments Ltd Q1 results: Net profit increases to Rs 313.65 cr

Tube Investments of India Ltd has reported a rise in its consolidated profit after tax for the April-June 2024 quarter, which stands at Rs 313.65 crore, the company said on Thursday. The city-based company, part of the Murugappa Group, had registered a profit after tax of Rs 277.51 crore in the same period a year ago. For the year ending March 31, 2024, the consolidated profit after tax stood at Rs 1,682.83 crore. The consolidated total income during the quarter under review grew to Rs 4,642.66 crore, as compared to Rs 3,946.14 crore recorded year ago. For the year ending March 31, 2024, the consolidated total income stood at Rs 17,142.04 crore. In a statement, the company said the revenue of the engineering business during the quarter under review grew to Rs 1,265 crore as compared to Rs 1,142 crore in the corresponding quarter last year. The company's metal formed products business registered a revenue of Rs 358 crore during the June quarter, compared to Rs 342 crore in the ...

Tube Investments Ltd Q1 results: Net profit increases to Rs 313.65 cr
Updated On : 01 Aug 2024 | 6:13 PM IST

Stocks to Watch, June 21: Nestle India, Medplus, Bajaj Consumer Care

In Europe, markets closed higher in the previous session after the Bank of England maintained its interest rates at a 16-year high of 5.25 per cent, as widely anticipated

Stocks to Watch, June 21: Nestle India, Medplus, Bajaj Consumer Care
Updated On : 21 Jun 2024 | 7:42 AM IST

Tube Investments hits 52-week high on inking Rs 160-crore pact with GEF

The surge in stock price came after TII, along with Tl Clean Mobility Private Limited (TICMPL), entered into a Rs 160-crore pact with South Asia Growth Invest III LLC and South Asia EBT Trust III

Tube Investments hits 52-week high on inking Rs 160-crore pact with GEF
Updated On : 12 Jun 2024 | 1:59 PM IST

Murugappa Group's EV arm to raise Rs 310 crore from M&G Investments

It planned to raise capital to the tune of Rs 3,000 crore to fund its multiple verticals of electric vehicles

Murugappa Group's EV arm to raise Rs 310 crore from M&G Investments
Updated On : 05 Jun 2024 | 5:49 PM IST

Tube Investments Q4 results: Slight dip in standalone PAT at Rs 247.88 cr

Tube Investments of India Ltd has reported a standalone profit after tax for the January-March 2024 quarter at Rs 247.88 crore, the company said on Tuesday. The city-based company, part of the diversified conglomerate Murugappa Group, had registered a standalone profit after tax at Rs 250.71 crore during the corresponding quarter of last year. For the financial year ending March 31, 2024 the standalone PAT surged to Rs 734.51 crore, from Rs 665.20 crore registered in the same period of last year. The total income, on a standalone basis, during the quarter under review grew to Rs 2,107.57 crore, from Rs 1,835.02 crore registered in the same quarter of last year. For the financial year ending March 31, 2024 the standalone total income grew to Rs 7,826.98 crore, from Rs 7,451.17 crore registered year ago. The Board of Directors have declared an interim dividend of Rs 2 per share in February 2024 and it was paid to shareholders in March 2024. The Board has now recommended a final divid

Tube Investments Q4 results: Slight dip in standalone PAT at Rs 247.88 cr
Updated On : 14 May 2024 | 10:54 AM IST

Tube Investments chief Subbiah named EY Entrepreneur of the Year 2023

Subbiah will represent India at the EY World Entrepreneur of the Year Award in Monte Carlo from 4-7 June 2024

Tube Investments chief Subbiah named EY Entrepreneur of the Year 2023
Updated On : 24 Feb 2024 | 12:20 PM IST

Auto index hits speed bump, loses 1.8% after Nitin Gadkari's flip-flop

Tata Motors, Mahindra & Mahindra and Ashok Leyland fell 2.19 per cent, 1.55 per cent and 2.68 per cent, respectively

Auto index hits speed bump, loses 1.8% after Nitin Gadkari's flip-flop
Updated On : 12 Sep 2023 | 10:24 PM IST
Updated On : 03 Jul 2023 | 9:54 PM IST

Murugappa Group posts 24% rise in net profit to Rs 6,846 crore in 2022-23

The group registered a growth of 35.8 per cent in turnover during the year to Rs 74,220 crore compared to Rs 54,648 crore in 2021-22

Murugappa Group posts 24% rise in net profit to Rs 6,846 crore in 2022-23
Updated On : 03 Jul 2023 | 8:20 PM IST

Tube Investments hits new high; rallies 5% on healthy business outlook

The stock of auto components & equipments company was trading higher for the fourth straight day, surging 14 per cent during the period.

Tube Investments hits new high; rallies 5% on healthy business outlook
Updated On : 23 Jun 2023 | 10:03 AM IST

Manufacturing firm Tube Investments' Q4 profit rises 74% at Rs 312 cr

Company's net profit in FY23 increases 24% at Rs 956 cr from Rs 769 cr in FY22

Manufacturing firm Tube Investments' Q4 profit rises 74% at Rs 312 cr
Updated On : 15 May 2023 | 7:20 PM IST

Tube Investments Q4 results: Net profit rises 74% to Rs 312 crore

Tube Investments board approved long-term borrowing up to Rs 300 crore to meet the company's fund requirements for FY23-24

Tube Investments Q4 results: Net profit rises 74% to Rs 312 crore
Updated On : 15 May 2023 | 5:25 PM IST

TII, Premji Invest sign share purchase agreement to acquire Lotus Surgicals

TII will acquire 67 per cent, while Premji Invest will acquire the remaining 33 per cent

TII, Premji Invest sign share purchase agreement to acquire Lotus Surgicals
Updated On : 25 Mar 2023 | 2:10 PM IST

Tube Investment's TI Clean Mobility to raise Rs 3,000 cr by March 2024

Tube Investment India's wholly-owned subsidiary TI Clean Mobility (TICM) will raise Rs 3,000 crore by March 2024 to fuel its electric vehicle business, a release said on Saturday. Of this, TII (Tube Investment India) has already invested Rs 639 crore, the company said in a statement. TICM is focused on manufacturing and marketing of electric three-wheelers. It is also into the manufacturing and marketing of e-tractors an electric heavy commercial vehicles through its subsidiaries. "TI Clean Mobility has signed definitive documents with TII, Multiples Private Equity Fund III, State Bank of India along with other co-investors to raise capital up to Rs 1,950 crore in the form of equity and compulsorily converted preferential shares (CCPS). "The total investment by Multiples, SBI and other co-investors would aggregate up to Rs 1,200 crore," it said in the statement. Investment by TII will be to the tune of Rs 750 crore, of which it has already invested Rs 639 crore by way of equity an

Image
Updated On : 25 Feb 2023 | 4:29 PM IST

Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall

CLOSING BELL: Reliance Industries, Wipro, IndusInd Bank, Axis Bank, Tech M, Tata Steel, Maruti Suzuki, and M&M were the top Sensex gainers, rising between 0.5 per cent and 1.2 per cent

Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall
Updated On : 25 Nov 2022 | 3:37 PM IST

Tube Investments of India acquires 50% stake in X2Fuels and Energy

The acquisition would be by subscribing to 10,753 equity shares for a total consideration of Rs 6.15 crore

Tube Investments of India acquires 50% stake in X2Fuels and Energy
Updated On : 24 Nov 2022 | 11:24 PM IST

Tube Investments hits record high, up 22% in six trading sessions

On September 06, TI Clean Mobility (TCM), a subsidiary of Tube Investments of India, launched it electric vehicle - Montra Electric 3W Auto in Chennai.

Tube Investments hits record high, up 22% in six trading sessions
Updated On : 09 Sep 2022 | 11:34 AM IST