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CHENNAI: Tube Investments of India Ltd has reported a net profit of Rs 26.48 crore on net sales of Rs 330 crore for the third quarter ended December 31, 2004.

This represents a 43 per cent growth in profit when compared to the corresponding period in the previous year when the company reported a net profit of Rs 14.91 crore on net sales of Rs 281.30 crore.

For the nine months ended December 31, 2004, the company reported a net profit of Rs 61.49 crore (Rs 45.85 crore) on net sales of Rs 1,045 crore (Rs 826 crore).

The results include the performance of TIDC India Ltd, which was merged with the company from April 1, 2004, said a company press release.

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