Tata Metaliks reports over 3-fold jump in Q2 net profit

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

20 Oct 2020 Evaluate

Tata Metaliks has reported results for second quarter ended September 30, 2020.

The company has reported over 3-fold jump in its net profit at Rs 82.00 crore for the quarter under review as compared to net profit of Rs 23.39 crore for the same quarter in the previous year. Total income of the company marginally increased by 0.92% at Rs 521.84 crore for Q2FY21 as compared Rs 517.06 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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