Tata Metaliks reports 3-fold jump in Q2 net profit

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

17 Oct 2023 Evaluate

Tata Metaliks has reported results for second quarter ended September 30, 2023 (Q2FY24).

The company has reported 3-fold jump in its net profit at Rs 44.16 crore for the quarter under review as compared to Rs 14.29 crore for the same quarter in the previous year. However, total income of the company decreased by 14.03% at Rs 758.05 crore for Q2FY24 as compared Rs 881.77 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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