*Tata Sponge Iron* disclosed a phenomenal drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 74.79% to Rs 69.90 million from Rs 277.30 million in the same quarter previous year.
Net sales for the quarter rose 25.61% to Rs 1,336.40 million, while total income for the quarter rose 15.89% to Rs 1,369.10 million, when compared with the prior year period. The company reported earnings of Rs 4.54 a share during the quarter, registering 74.79% decline over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 1,336.40 1,063.90 25.61 *Net Profit* 69.90 277.30 (74.79) *Basic EPS* 4.54 18.01 (74.79) During the quarter, the operating margin of the company dropped to 10.83% compared with 26.97% in the previous year period. Interest cost decreased 31.72% to Rs 19.80 million while depreciation cost fell 0.40% to Rs 49.30 million over previous year period. The company is a manufacturer of sponge iron using direct reduction process indigenously developed by its promoter, Tata Steel. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
