Tata Steel Q4 profit disappoints, down 90% at Rs 433.5 cr
Tata Steel, one of the 10 largest steel companies in the world, has reported lower than expected consolidated net profit of Rs 433.5 crore for the fourth quarter of financial year 2011-12, a sharp fall of 89.62% as compared to Rs 4,175.6 crore in a year ago period.
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Tata Steel Q4 profit disappoints, down 90% at Rs 433.5 cr
Tata Steel, one of the 10 largest steel companies in the world, has reported lower than expected consolidated net profit of Rs 433.5 crore for the fourth quarter of financial year 2011-12, a sharp fall of 89.62% as compared to Rs 4,175.6 crore in a year ago period.
Like this story, share it with millions of investors on M3
Tata Steel Q4 profit disappoints, down 90% at Rs 433.5 cr
Tata Steel, one of the 10 largest steel companies in the world, has reported lower than expected consolidated net profit of Rs 433.5 crore for the fourth quarter of financial year 2011-12, a sharp fall of 89.62% as compared to Rs 4,175.6 crore in a year ago period.
Tata Steel , one of the ten largest steel companies in the world, has reported lower than expected consolidated net profit of Rs 433.5 crore for the Jan-March quarter of financial year 2011-12, a sharp fall of 89.62%, Year-on-Year. Net sales increased just 1.25% YoY to Rs 33,860 crore for the January-March quarter of 2012.
Analysts on average had expected net profit of Rs 1,025 crore and net sales of Rs 33,673 crore during the quarter.
The company will pay a dividend of Rs 12 a share, it said.
Consolidated EBITDA dropped 27% YoY to Rs 3,040.34 crore during the quarter.
