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Tinplate Company of India reports 97% fall in Q1 net profit

18 Jul 2023 Evaluate

Tinplate Company of India has reported results for first quarter ended June 30, 2023 (Q1FY24). 

Tinplate Company of India has reported 96.91% fall in its net profit at Rs 2.63 crore for the quarter under review as compared to Rs 84.98 crore for the same quarter in the previous year. Total income of the company decreased by 8.44% at Rs 931.28 crore for Q1FY24 as compared Rs 1,017.17 crore for the corresponding quarter previous year.

Tinplate Company of India (TCIL) is a pioneer in tinplate production in India. Tinplate and Tin Free Steel (TFS), the two key product offerings of TCIL, are among the most versatile packaging substrates for packaging processed foods.

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