Tata Steel rose 3.93% to Rs 710.50 at 10:12 IST on BSE after consolidated net profit rose 389.83% to Rs 1135.92 crore on 20.05% rise in net sales to Rs 33099.95 crore in Q3 December 2017 over Q3 December 2016.
The result was announced after market hours on Friday, 9 February 2018.Meanwhile, the S&P BSE Sensex was up 183.10 points, or 0.54% to 34,188.86.
On the BSE, 4.81 lakh shares were traded in the counter so far compared with average daily volumes of 3.62 lakh shares in the past one quarter. The stock had hit a high of Rs 718 and a low of Rs 697.80 so far during the day. The stock hit a 52-week high of Rs 747.25 on 31 January 2018. The stock hit a 52-week low of Rs 403.41 on 5 May 2017.
The stock had outperformed the market over the past 30 days till 9 February 2018, falling 7.01% compared with 1.44% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 2.29% as against Sensex's 2.07% rise. The scrip had also outperformed the market in past one year, rising 53.40% as against Sensex's 20.02% rise.
The large-cap company has equity capital of Rs 1126.61 crore. Face value per share is Rs 10.
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On a standalone basis, Tata Steel deliveries went up by 10% to 3.30 million tonne (mt) in Q3 December 2017 over Q3 December 2016. India deliveries now contribute about 50% of Group deliveries.
On a consolidated basis, Tata Steel deliveries rose 8.07% to 6.56 million tonne (mt) in Q3 December 2017 over Q3 December 2016.
Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 59% to Rs 5801 crore in Q3 December 2017 over Q3 December 2016.
Consolidated pre-exceptional profit before tax (PBT) from continuing operations rose 221% to Rs 3210 crore in Q3 December 2017 over Q3 December 2016. However, exceptional charges of Rs 1116 crore arising mainly from certain demands and claims from regulatory authorities relating to mining operations, dented profits.
Gross debt has decreased by Rs 1658 crore over Q2 September 2017 and stood at Rs 88601 crore mainly due to repayments and positive forex impact, the company said.
Tata Steel is geographically diversified fully integrated steel producer.
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