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Tube Investments of India Ltd. (TII) of the Murugappa Group, reported Q4 consolidated net profit slumped 76% to ₹46.53 crore as compared with ₹191.09 crore in the year-earlier period. Revenue during the quarter grew 15% year on year (YoY) to ₹5,017 crore.
For FY25, the company’s consolidated net profit attributed to owners of the company fell 44% to ₹674 crore from ₹1,206 crore a year earlier. Revenue for the year grew 16% to ₹18,915 crore.
The board has recommended a final dividend of ₹1.50 per equity share of ₹1 for FY25. Together with the interim dividend of ₹2 per share, paid on February 20, 2025, the total dividend for FY25 works out to ₹3.50 per share. The said final dividend will be paid within 30 days from the date of the AGM (on or before August 30, 2025).
The board has approved long-term borrowing of up to ₹300 crore by way of term loan and/or issue of privately placed secured non-convertible debentures, in one or more tranches, if required, to meet the company’s fund requirements for FY25-26.
Published – May 15, 2025 09:14 pm IST
