Tata Sponge Iron has reported results for fourth quarter and year ended March 31, 2019.
The company has reported a fall of 47.82% in its net profit at Rs 24.37 crore for the quarter under review as compared to Rs 46.70 crore for the same quarter in the previous year. However, total income of the company increased by 5.44% at Rs 269.03 crore for Q4FY19 as compared Rs 255.16 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 47.76% in its net profit at Rs 24.39 crore for the quarter under review as compared to Rs 46.69 crore for the same quarter in the previous year. However, total income of the company increased by 5.44% at Rs 269.05 crore for Q4FY19 as compared Rs 255.17 crore for the corresponding quarter previous year.
For the year ended March 31, 2019, the company has reported a fall of 11.73% in its net profit at Rs 124.34 crore as compared to Rs 140.86 crore for the previous year. However, total income of the company increased by 22.11% at Rs 1,049.72 crore for year under review as compared to Rs 859.66 crore for year ended March 31, 2018.
For the year ended March 31, 2019, on the consolidated basis, the company has reported a fall of 11.70% in its net profit at Rs 124.39 crore as compared to Rs 140.88 crore for the previous year. However, total income of the company increased by 22.11% at Rs 1,049.78 crore for year under review as compared to Rs 859.71 crore for year ended March 31, 2018.
