Tata Sponge Iron reports 26% fall in Q3 net profit

Tata Steel Long Products Ltd. - (Amalgamated) | Steel/Sponge Iron/Pig Iron | Metals & Mining | BSE: 513010 | NSE: TATASTLLP

14 Jan 2019 Evaluate

Tata Sponge Iron has reported results for third quarter ended December 31, 2018.

The company has reported a fall of 25.53% in its net profit at Rs 26.80 crore for the quarter under review as compared to Rs 35.99 crore for the same quarter in the previous year. However, total income of the company increased by 22.42% at Rs 276.79 crore for Q3FY19 as compared Rs 226.10 crore for the corresponding quarter previous year.

Tata Sponge Iron (TSIL) is engaged in business of manufacturing high-grade sponge iron that is consistent in quality. The company also in the business segment of Power, Sponge Iron.

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