Pig iron producer Tata Metaliks today reported 54 per cent rise in net profit at Rs 33.55 crore for the quarter ended September 30.
The company had clocked a net profit of Rs 21.73 crore during the same period a year ago.
Total income of the company grew to Rs 450.47 crore from Rs 343.08 crore in the year-ago period.
During July-September, the company's total expenses were higher at Rs 405.29 crore as against Rs 313.49 crore in the three-month period of last fiscal.
Tata Metaliks, a subsidiary of Tata Steel, has manufacturing plant at Kharagpur, West Bengal. It produces pig iron and ductile iron pipes.
The plant's annual hot metal production capacity is 5 lakh tonnes out of which 2 lakh tonnes is converted into ductile iron (DI) pipes and 3 lakh tonnes into pig iron.
Shares of the company today ended up 2.93 per cent at Rs 741.15 apiece on BSE.
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