Electrosteel Steels, Tinplate slip 5-6% on poor Q3 numbers

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26 Aug, 2025 12:21

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Moneycontrol BureauShare price of Electrosteel Steels and Tinplate Company of India declined 5-6 percent intraday Friday on the back of poor numbers declared by the companies for the quarter ended December 2016.Tinplate Company of India has reported 80.4 percent fall in its Q3 net profit at Rs 4.5 crore versus Rs 23 crore in the same quarter last year.The company's EBITDA was down 61.7 percent at Rs 18.6 crore and EBITDA margin slipped 1480 bps at 8.4 percent.Electrosteel Steels' Q3 net loss increased to Rs 413 crore from loss of Rs 232 crore.The company's EBITDA loss was at Rs 35.8 crore versus loss of Rs 51.3 crore.At 11:23 hrs Electrosteel Steels was quoting at Rs 4.87, down 4.88 percent and Tinplate Company of India was quoting at Rs 82.15, down 4.53 percent on the BSE.Posted by Rakesh Patil