Tata Sponge Iron standalone net profit rises 62.20% in the March 2017 quarter

Sales rise 19.08% to Rs 167.17 crore

Net profit of Tata Sponge Iron rose 62.20% to Rs 21.20 crore in the quarter ended March 2017 as against Rs 13.07 crore during the previous quarter ended March 2016. Sales rose 19.08% to Rs 167.17 crore in the quarter ended March 2017 as against Rs 140.39 crore during the previous quarter ended March 2016.

For the full year,net profit rose 84.20% to Rs 58.74 crore in the year ended March 2017 as against Rs 31.89 crore during the previous year ended March 2016. Sales declined 2.83% to Rs 557.31 crore in the year ended March 2017 as against Rs 573.53 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales167.17140.39 19 557.31573.53 -3 OPM %15.4310.78 -11.064.18 - PBDT34.9722.38 56 96.2456.25 71 PBT31.7519.32 64 83.4743.35 93 NP21.2013.07 62 58.7431.89 84

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