Murugappa group

Tube Investments Reports Higher Net Profit for 2008-09

The Company achieved a turnover of Rs. 2061 Cr. in the year 2008-09 against Rs. 1744 Cr. in the previous year. The net profit for the year was Rs. 72.18 Cr. against Rs. 56.50 Cr. in the previous year. This represents a growth of 18% in turnover and 28% in Profit after Tax. The net profit includes an extraordinary income of Rs. 47 Cr. as Profit on sale of long term investments and divestment of a Joint Venture. - May 10, 2009