Tata Sponge Iron comes up with impressive bottomline growth
Amir Shaikh / 26 Apr 2017
The board of director of the company has proposed a final dividend of Rs 11 per equity share.
Tata Sponge Iron Ltd. reported its results for the quarter ended March 31, 2016 today.
The company's total sales for Q3FY17 were Rs 167.17 crore, which represent a 16.48 per cent sequential increase and 19.08 per cent YoY increase.
Its operating profit (EBIT) for the quarter was Rs 22.57 crore and its EBIT margin stood at 13.5 per cent.
The company reported PAT of Rs 21.2 crore, which represents a sequential QoQ increase of 93.25 per cent and a YoY increase of 62.08 per cent.
The board of director of the company has proposed a final dividend of Rs 11 per equity share.
The company's stock opened for trading at Rs 831.2 on the BSE, rose 3 per cent and touched day's high of Rs 855 in early morning trade and closed at Rs. 833.80.
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