Tata Sponge Iron standalone net profit rises 49.47% in the March 2016 quarter

Sales decline 12.19% to Rs 140.37 crore

Net profit of Tata Sponge Iron rose 49.47% to Rs 12.81 crore in the quarter ended March 2016 as against Rs 8.57 crore during the previous quarter ended March 2015. Sales declined 12.19% to Rs 140.37 crore in the quarter ended March 2016 as against Rs 159.85 crore during the previous quarter ended March 2015.

For the full year,net profit declined 66.45% to Rs 30.83 crore in the year ended March 2016 as against Rs 91.89 crore during the previous year ended March 2015. Sales declined 25.38% to Rs 571.79 crore in the year ended March 2016 as against Rs 766.23 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales140.37159.85 -12 571.79766.23 -25 OPM %10.49-1.09 -3.9112.95 - PBDT22.5819.56 15 54.63149.41 -63 PBT18.9215.49 22 41.73136.47 -69 NP12.818.57 49 30.8391.89 -66

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