Chennai, May 5 (IANS): City-based Murugappa Group-owned Tube Investment of India Ltd (TIIL) on Tuesday said its net profit for 2014-15 rose by 36 percent at Rs.424 crore against Rs.311 crore during 2013-14.
The firm's consolidated revenues for the time period under review is also up by 9.8 percent at Rs.9,698 crore compared to the earning of Rs. 8,834 crore during 2013-14.
The company said during January-March 2015, it has raised its shareholding in its joint-venture company, TI Tsubamex Pvt Ltd from 50 percent to 75 percent after subscribing to 1,75,00,000 equity shares amounting to Rs. 17.50 crore.
The company's consolidated total income from operations during January-March of this year grew marginally by 3.7 percent Rs. 2,367.3 crore from Rs 2,282.56 crore in same period of 2013-14.