Tata Metaliks Q3 results: Net profit falls 73% to Rs 9.48 crore

Tata Metaliks Ltd (TML) on Tuesday reported a sharp fall of 73 per cent in its December quarter net profit at Rs 9.48 crore, on account of increased expenses.

The company had posted a Rs 35.65 crore net profit in the year-ago period, according to a statement.

Its total income rose to Rs 792.43 crore from Rs 693.12 crore during the October-December period of the previous year.

Total expenses increased to Rs 780.18 crore as against Rs 642.83 crore a year ago.

In a separate statement, Alok Krishna, Managing Director of Tata Metaliks, said: "Pig Iron business was adversely affected by weak health of