The corporate’s Board on Monday permitted the long-term borrowing of as much as ₹350 crore and really useful a remaining dividend of ₹1.50 per fairness share of ₹1 every (interim dividend of ₹2 per share introduced earlier).
For the 12 months quarter ended March 31, 2024, the corporate’s standalone web revenue stood at ₹248 crore in contrast with ₹250 crore within the year-ago quarter. For the complete 12 months of FY24, the corporate’s web revenue grew to ₹735 crore in contrast with ₹665 crore in FY23. Income stood at ₹7,611 crore in contrast with ₹7,236 crore within the earlier fiscal.
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Income from the engineering enterprise stood at ₹4,921 crore in FY24 in comparison with ₹4,562 crore in FY23. Metallic Fashioned Merchandise’ income grew to ₹1,519 crore (₹1,424 crore in FY23). The mobility division posted a decline in income at ₹664 crore (₹800 crore in FY23).
Whereas the engineering enterprise posted a rise in revenue earlier than curiosity and tax at ₹617 crore for FY24 (₹549 crore), Metallic Fashioned Merchandise noticed its revenue earlier than curiosity and tax enhance to ₹187 crore (₹174 crore). Nevertheless, the mobility enterprise reported a loss earlier than curiosity and tax of ₹18 crore in opposition to a revenue earlier than curiosity and tax of ₹17 crore
On a consolidated foundation, Tube Investments’ revenue after tax (from persevering with operations) for the March 2024 quarter stood at ₹271 crore in opposition to ₹311 crore within the corresponding quarter of the earlier 12 months. The consolidated income for the quarter was ₹4,490 crore (₹3,778 crore).
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