Tube Investments of India's 2nd Quater of FY23 performance was driven by the benefit of cost pass-through and currency-related benefits
Here's a glimpse of the company's performance and key highlights:
âœ”ï¸ The company offers diversified revenue streams with solid growth in the core business
✔ï¸Gross margin improved by 1.8 percentage points YoY and 4.8 percentage points QoQ to 36.8%, driven by the settlement of commodity pass-through and a favorable INR
âœ”ï¸ Revenue from the Metal Formed business grew 13% YoY
✔ï¸Revenue from the Engineering business grew 16% YoY.
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Posted On: 19 Dec 2022 3:00 PM