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Tube Investments of India’s net profit for the second quarter of the current year has remained steady compared with the corresponding period previously.
On a standalone basis, the Murugappa Group has reported a net profit of ₹24.96 crore (₹25.28 crore) on a total income of ₹967 crore (₹1,005 crore) for the quarter ended September 30, 2015.
On a consolidated basis, the net profit was ₹107 crore (₹100 crore) on a total income of ₹2,232 crore (₹2,483 crore).
A press release from the company quoting its Managing Director L Ramkumar said the revenue and profit during the quarter in engineering and metal forming businesses were affected as some of the benefit of lower commodity prices were passed on to the customers.
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