Tata Sponge Q3 consolidated profit up 3-fold at Rs 36 cr

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

live

• bselive
• nselive

Volume

Todays L/H

More

×

Tata Sponge Iron Ltd today reported an over three-fold jump in its consolidated net profit at Rs 36 crore for the December 2017 quarter.

The company had posted a consolidated net profit of Rs 10.97 crore in the corresponding quarter of the previous fiscal, the company said in a filing to the BSE.

The firm's total income also rose to Rs 226.12 crore in October-December quarter from Rs 166.17 crore in the year-ago period.

Total expenses of the company were at Rs 171.78 crore during the quarter under review, as against Rs 150.91 crore in the same period last fiscal.

Its revenue from sponge iron segment rose to Rs 199.30 crore from Rs 145.56 crore.

Shares of the company ended at Rs 1,184 apiece on the BSE today, up 0.71 per cent from the previous close.