03 Apr 2020 | 4:46 AM

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COMPANYNEWS
Tata Metaliks Q3 net profit up 15.85% at Rs 45.91 cr
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Published on 01-17-2020
The company reported standalone net profit of Rs 45.91 crore for the quarter ended December 31 2019 as compared to Rs 39.63 crore in the same period last year registering a year-on-year growth of 15.85 per cent.


Net revenue of the company declined by 5.08 per cent at Rs 518.62 crore in October-December quarter of this fiscal as against Rs 546.37 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 6.64 per cent to Rs 440.34 crore from Rs 471.67 crore in year ago period.


Other Income grew by 144.44 per cent at Rs 3.08 crore versus (Dec`18 Rs 1.26 crore).


Operating Profit surged by 4.79 per cent to Rs 78.28 crore as against Rs 74.70 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 10.39 per cent in December quarter.


Interest declined by 17.88 per cent y-o-y to Rs 9.14 crore while Taxation decreased by 19.33 per cent at Rs 9.10 crore (Dec`18 Rs 11.28 crore).