Tata Metaliks Tumbles After Q3 PAT Slides 53% YoY To Rs To R

Tata Metaliks tumbles after Q3 PAT slides 53% YoY to Rs to R

Tata Metallics’ internet revenue fell 52.58% to Rs. 35.65 crore, down 5.56% to Rs. 871.30 and internet gross sales elevated by 31.08% to Rs. 689.80 crore.

Revenue earlier than tax fell 54% in Q3 FY22 from Q3 in FY21 to Rs. 50.3 crore.

Resulting from sharp rise in uncooked materials prices (development of 67.25%), whole expenditure elevated by 53.28% to Rs. 642.83 crore.

Through the quarter, the corporate’s income from the pig iron phase rose 23.03% to Rs. 534.85 crore and income of ductile iron pipe phase elevated by 57.77% over the identical quarter final 12 months to Rs. 331.94 crore.

Tata Metal’s subsidiary, Tata Metallics has its manufacturing plant in Kharagpur, West Bengal, India which produces pig iron and ductile iron pipes in India. The plant has an annual scorching metallic manufacturing capability of 500,000 tons, of which 200,000 tons are transformed into ductile iron (DI) pipes and 300,000 tons into pig iron.

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(This story has not been edited by Enterprise Normal employees and has been auto-generated from the Syndicate feed.)

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