Tata Metaliks reports 16% rise in Q3 net profit

Tata Metaliks Ltd. - (Amalgamated) | Steel/Sponge Iron/Pig Iron | Metals & Mining | BSE: 513434 | NSE: TATAMETALI

20 Jan 2020 Evaluate

Tata Metaliks has reported results for third quarter ended December 31, 2019.

The company has reported 15.85% rise in its net profit at Rs 45.91 crore for the quarter under review as compared to Rs 39.63 crore for the same quarter in the previous year. However, total income of the company decreased by 4.73% at Rs 521.70 crore for Q3FY20 as compared Rs 547.63 crore for the corresponding quarter previous year.

Tata Metaliks is engaged in manufacturing of pig iron, casting, iron ore fines, coke breeze and limestone. It is a leading pig iron manufacturer and seller in India.

Peers

Company Name	CMP
Jindal Steel	1173.00
Lloyds Metals&Energy	1892.15
Jai Balaji Inds	66.98
Steel Exchange India	12.03
KIC Metaliks	31.65
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