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TI Financial Holdings Q2 standalone net up 11.6%

The Murugappa Group company had recorded standalone net profits at Rs 24.88 crore during the corresponding period of the previous fiscal.

October 31, 2018 / 09:59 PM IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

 
 
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TI Financial Holdings, formerly Tube Investments of India, has recorded a 11.6 percent rise in its standalone net profits for the quarter ending September 30, 2018 at Rs 27.79 crore.

The Murugappa Group company had recorded standalone net profits at Rs 24.88 crore during the corresponding period of the previous fiscal.

For the six month period ending September 30, 2018 standalone net profits grew to Rs 30.22 crore from Rs 24.54 crore registered year ago, TI Financial Holdings said in a BSE filing on October 31.

Total income for the July-September quarter rose to Rs 29.53 crore from Rs 26.26 crore registered year ago.