TI Financial Holdings records 11.6 per cent rise in profits

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

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

The city-based 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 a registered year ago, TI Financial Holdings said in a BSE filing on Wednesday. Total income for the July-September quarter rose to Rs 29.53 crore from Rs 26.26 crore registered a year ago.

For the half year period ending September 30, 2018, total income increased to Rs 33.42 crore from Rs 26.26 crore registered during the same period of the last fiscal. Shares of TI Financial Holdings ended at Rs 488.10 apiece, up by 1.22 per cent over the previous close in BSE.