Tube Investments Q4 net up 141.9% at Rs143.84cr on EBITDA boost from industrial systems

Tube Investments Ltd reported 165.1% yoy fall in consolidated net revenues for the Mar-21 quarter at Rs2,732.82cr

Jun 17, 2021 08:06 IST India Infoline News Service

Tube Investment
Tube Investments Ltd reported 165.1% yoy fall in consolidated net revenues for the Mar-21 quarter at Rs2,732.82cr. On a sequential basis, net sales revenues were up 60.76% compared to total revenues in the Dec-20 quarter at Rs1,699.99cr.

Full year revenues for FY21 were 28.1% higher at Rs6,083cr. In terms of verticals, there was strong sales growth in cycles & accessories, engineering, metals formed systems, industrial systems and power systems. Barring Power Systems, all other verticals were EBITDA positive.

Net profits in the Mar-21 were up 141.91% at Rs143.84cr helped along by an EBITDA boost from all the verticals expect the power systems segment which turned EBITDA negative in the Mar-21 quarter. The higher revenues and other income compensated for the 3-fold spike in raw material costs.

Net margins at 5.26% in the Mar-21 quarter was tad below than 5.77% in the Mar-20 quarter and lower than 6.31% in sequential Dec-20 quarter. TI declared a final dividend of Rs.2 per share taking total dividend for the FY21 to Rs.3.50 per share.


Financial highlights for Mar-21 compared yoy and sequentially


Tube Investments
Rs in Crore Mar-21 Mar-20 YOY Dec-20 QOQ
Total Income (Rs cr) ₹ 2,732.82 ₹ 1,031.01 165.06% ₹ 1,699.99 60.76%
Net Profit (Rs cr) ₹ 143.84 ₹ 59.46 141.91% ₹ 107.35 33.99%
Diluted EPS (Rs) ₹ 7.58 ₹ 3.16 ₹ 5.70
Net Margins 5.26% 5.77% 6.31%

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