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Earnings Review: High base drags Tube Invest Dec qtr net; falls for 2nd qtr

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Earnings Review

High base drags Tube Invest Dec qtr net; falls for 2nd qtr

This story was originally published at 16:26 IST on February 3, 2025  Back
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By Aman Aryan

Increased cost of raw materials and other expenses along with a high base affected Tube Investments of India Ltd.'s earnings for the December quarter. The company's consolidated net profit fell for the second consecutive quarter, this time at a faster rate, despite it booking a healthy growth in its revenue for the quarter under review.

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