Tata Metaliks' standalone net profit surged 63.75% to Rs 75.18 crore on 1.46% increase in revenue from operations to Rs 526.23 crore in Q3 December 2020 over Q3 December 2019.
Standalone profit before tax (PBT) soared 97.28% to Rs 108.96 crore in Q3 December 2020 as against Rs 55.23 crore in Q3 December 2019. Total tax expense for the quarter jumped 268.46% to Rs 33.53 crore as against Rs 9.10 crore in Q3 December 2019. The Q3 result was declared during market hours today, 19 January 2021.
Revenue from pig iron segment jumped 12.64% to Rs 434.74 crore while revenue from ductile iron pipe segment fell 19.48% to Rs 210.40 crore in Q3 FY21 over Q3 FY20.
Shares of Tata Metaliks fell 1.94% to Rs 819. Tata Metaliks manufactures pig iron and ductile iron pipes.
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