Tube Investment of India Limited (TIIL) has reported a consolidated net profit of INR 3.11 billion ($37.88 million) for the fourth quarter (January-March) of the fiscal year 2022-23, up 74.4 percent over the corresponding quarter of the previous fiscal year, a company statement said on Wednesday, May 17.
TIIL is a leading producer of steel strips and tubes, steel automobile components, industrial chains and steel-based consumer products like bicycles.
The company has reported consolidated revenues of INR 37.78 billion ($459 million) for the given quarter, up 11.4 percent year on year.