- Tube Investments of India’s net income for the third quarter was 1.61 billion rupees, which is a 1.9% increase compared to last year but fell short of the estimated 1.68 billion rupees.
- Revenue for the quarter stood at 19.1 billion rupees, rising slightly by 0.5% year-on-year, but below the projected 20.45 billion rupees.
- The engineering segment reported a revenue decline of 1.6% year-on-year, bringing in 12.1 billion rupees.
- Revenue from metal-formed products increased by 2%, amounting to 4 billion rupees.
- The mobility sector saw a revenue decrease of 3.4%, totaling 1.42 billion rupees.
- ‘Other’ revenues experienced significant growth, increasing by 15% and reaching 2.52 billion rupees.
- Total costs for the quarter were 17.2 billion rupees, representing a 1.2% year-on-year rise.
- A dividend of 2 rupees per share was declared.
- Following the earnings report, the company’s shares fell by 3.7%, closing at 3,059 rupees with a trading volume of 390,561 shares.
- Analysts’ recommendations include 3 buy ratings, 1 hold, and 1 sell.
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Tube Investments of India on Smartkarma
Analyst coverage of Tube Investments of India on Smartkarma by Pranav Bhavsar highlights the company’s focus on clean mobility solutions. Tube Investments of India, through its subsidiary TI Clean Mobility, is making strides in the EV market with its Montra Electric 3-wheelers gaining market share in southern India. The company’s management is actively engaged in the EV segment, gearing up for future launches of e-rickshaws and a new Cargo Version, signaling significant growth potential.
A look at Tube Investments of India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Tube Investments of India Limited, a company manufacturing fabricated metal products, appears to have a promising long-term outlook based on the Smartkarma Smart Scores. With a high score in Resilience and Growth and moderate scores in Value, Dividend, and Momentum, the company seems well-positioned for future success. The strong performance in Resilience indicates the company’s ability to withstand economic fluctuations and challenges, while the favorable Growth score suggests potential for expanding its market presence and profitability over time.
Tube Investments of India focuses on producing cycles, steel tubes, strips, chains, and metal formed items, catering to customers in India. Its overall Smart Score profile, with particularly notable scores in Growth and Resilience, implies a solid foundation for sustained growth and stability in the foreseeable future. Although there may be areas for improvement in Value, Dividend, and Momentum scores, the company’s strengths in key factors hint at a bright outlook amid the competitive landscape.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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