Tube Investments net dips 63%

Our Bureau Chennai | Updated on May 02, 2013 Published on May 02, 2013

Tube Investments has reported a 63 per cent drop in net profit for the fourth quarter ended March 2013.

The Murugappa Group company has reported a net profit Rs 20.85 crore (Rs 57.76 crore) for the quarter ended March 31, 2013, on a total income of Rs 798.24 crore (Rs 884.37 crore).

For 2012-13, the company reported a net profit of Rs 103.96 crore (Rs 180.09 crore) on a total income of Rs 3,407.43 crore (Rs 3,489.77 crore).

The company has recommended a final dividend of Rs 0.50 a share of Rs 2. It has earlier announced an interim dividend of Rs 1.50.

The company’s shares closed at Rs 159.05 against the previous close of Rs 159.45 on the NSE.

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Published on May 02, 2013
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