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Tata Sponge Iron standalone net profit rises 228.38% in the December 2017 quarter

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Capital Market

Sales rise 49.44% to Rs 214.47 crore

Net profit of Tata Sponge Iron rose 228.38% to Rs 35.99 crore in the quarter ended December 2017 as against Rs 10.96 crore during the previous quarter ended December 2016. Sales rose 49.44% to Rs 214.47 crore in the quarter ended December 2017 as against Rs 143.52 crore during the previous quarter ended December 2016. ParticularsQuarter EndedDec. 2017Dec. 2016% Var.Sales214.47143.52 49 OPM %22.447.50 -PBDT57.4218.49 211 PBT54.3315.25 256 NP35.9910.96 228

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First Published: Jan 17 2018 | 4:45 PM IST

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