Tata Sponge Iron consolidated net profit rises 120.24% in the March 2018 quarter

Sales rise 45.66% to Rs 243.50 crore

Net profit of Tata Sponge Iron rose 120.24% to Rs 46.69 crore in the quarter ended March 2018 as against Rs 21.20 crore during the previous quarter ended March 2017. Sales rose 45.66% to Rs 243.50 crore in the quarter ended March 2018 as against Rs 167.17 crore during the previous quarter ended March 2017.

For the full year,net profit rose 139.71% to Rs 140.88 crore in the year ended March 2018 as against Rs 58.77 crore during the previous year ended March 2017. Sales rose 43.58% to Rs 800.17 crore in the year ended March 2018 as against Rs 557.31 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales243.50167.17 46 800.17557.31 44 OPM %25.2915.43 -22.8311.06 - PBDT72.9334.97 109 222.5196.27 131 PBT69.9631.75 120 210.2183.50 152 NP46.6921.20 120 140.8858.77 140

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