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Last Updated : Apr 15, 2019 08:59 PM IST | Source: PTI

Tata Metaliks profit rises 17.7% to Rs 64 cr in Jan-Mar

The company had posted a net profit of Rs 54.65 crore in the year-ago quarter, Tata Metaliks Ltd said in a BSE filing.

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Tata Metaliks Ltd, a pig iron manufacturer and supplier, said Monday its net profit rose by 17.74 per cent to Rs 64.35 crore during the quarter ended March 31, 2019.

The company had posted a net profit of Rs 54.65 crore in the year-ago quarter, Tata Metaliks Ltd said in a BSE filing.

Its total income rose over 7 per cent to Rs 596.62 crore in the January-March quarter of 2018-19 compared to Rs 555.77 crore in the corresponding quarter of the previous fiscal, it said.

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Total expenses were at Rs 539.78 crore in the quarter under review against Rs 489.44 crore in March quarter of 2017-18.

A subsidiary of domestic steel giant Tata Steel, Tata Metaliks, has a manufacturing plant at Kharagpur, West Bengal, where pig iron and ductile iron pipes are produced.

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First Published on Apr 15, 2019 08:40 pm
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