Tube Investments of India Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 40,531.9 million compared to INR 35,150.8 million a year ago. Revenue was INR 42,551.9 million compared to INR 36,931.5 million a year ago. Net income was INR 5,310.6 million compared to INR 2,352.9 million a year ago. Basic earnings per share from continuing operations was INR 10.93 compared to INR 12.19 a year ago. Diluted earnings per share from continuing operations was INR 10.91 compared to INR 12.16 a year ago.
For the nine months, sales was INR 119,899.2 million compared to INR 107,746.7 million a year ago. Revenue was INR 125,685.6 million compared to INR 112,836.6 million a year ago. Net income was INR 10,093.1 million compared to INR 6,437.4 million a year ago. Basic earnings per share from continuing operations was INR 36.13 compared to INR 33.34 a year ago. Diluted earnings per share from continuing operations was INR 36.09 compared to INR 33.26 a year ago.