Tata Sponge Iron standalone net profit declines 78.83% in the March 2015 quarter

Sales decline 30.00% to Rs 159.85 crore

Net profit of Tata Sponge Iron declined 78.83% to Rs 8.57 crore in the quarter ended March 2015 as against Rs 40.48 crore during the previous quarter ended March 2014. Sales declined 30.00% to Rs 159.85 crore in the quarter ended March 2015 as against Rs 228.36 crore during the previous quarter ended March 2014.

For the full year,net profit declined 9.17% to Rs 91.89 crore in the year ended March 2015 as against Rs 101.17 crore during the previous year ended March 2014. Sales rose 0.46% to Rs 766.23 crore in the year ended March 2015 as against Rs 762.72 crore during the previous year ended March 2014.

ParticularsQuarter EndedYear EndedMar. 2015Mar. 2014% Var.Mar. 2015Mar. 2014% Var.Sales159.85228.36 -30 766.23762.72 0 OPM %-1.0925.97 -12.9519.06 - PBDT19.5665.58 -70 149.41167.54 -11 PBT15.4961.21 -75 136.47149.79 -9 NP8.5740.48 -79 91.89101.17 -9

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