Tube Investments of India Limited — Board Meeting, 04-11-2024: Outcome of Board Meeting

Tube Investments of India Ltd reported Q2 FY2024 standalone revenue of ₹2,065 Cr, up from ₹1,970 Cr YoY. Profit Before Tax (PBT) fell to ₹225 Cr from ₹245 Cr. The Engineering segment saw revenue of ₹1,323 Cr, while the Metal Formed Products and Mobility segments reported revenues of ₹404 Cr and ₹168 Cr, respectively. Consolidated revenues were ₹4,925 Cr, with a PBT of ₹426 Cr. Future prospects include a significant acquisition from Renesas Electronics.