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May 18, 2012, 08.25 PM IST
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.
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.
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