Chennai: Part of the Rs 32,000-crore Murugappa group, Tube Investments of India Limited (TII), formerly known as TI Financial Holdings, announced its financial results for the quarter ended 31 December 2018. The board has declared an interim dividend of Rs.1.75 per share for the financial year 2018-19.
According to a release, on a standalone basis, TII’s revenue for the quarter was higher by 15 per cent at Rs 1,341 crore, against Rs 1,163 crore in the corresponding quarter of the previous year.
The profit after tax for the quarter was at Rs 77 crore, against Rs 35 crore in the corresponding quarter of the previous year, aided by dividend income of Rs 29 crore from Shanthi Gears Limited (Rs 5 per share declared as special interim dividend).