Tata Sponge Iron standalone net profit rises 48.52% in the June 2016 quarter

Sales decline 24.15% to Rs 107.66 crore

Net profit of Tata Sponge Iron rose 48.52% to Rs 10.53 crore in the quarter ended June 2016 as against Rs 7.09 crore during the previous quarter ended June 2015. Sales declined 24.15% to Rs 107.66 crore in the quarter ended June 2016 as against Rs 141.93 crore during the previous quarter ended June 2015. ParticularsQuarter EndedJun. 2016Jun. 2015% Var.Sales107.66141.93 -24 OPM %7.572.85 -PBDT17.1512.82 34 PBT14.109.64 46 NP10.537.09 49

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