Tata Steel has announced its third quarter results of FY10. It has reported 155.47% jump in its standalone net profit of Rs 1191 crore as against Rs 466.2 crore, year-on-year basis (YoY) and up 31.89% from Rs 903 crore, quarter-on-quarter basis (QoQ).
Standalone net sales shot up 32.78% to Rs 6,307 crore as against Rs 4,750 crore, YoY and up 12.04% from Rs 5,629 crore, QoQ.
The numbers were better-than-expectations. Earlier CNBC-TV18 poll saw net profit at Rs 1,022 crore and net sales at Rs Rs 6,006 crore.
Other income shot up 2290.9% to Rs 263 crore from Rs 11 crore, YoY.
Operating profit margin improved to 33.8% versus 30.6%, YoY.
At 14:40 hours IST, the share was trading at Rs 579, up Rs 19.35, or 3.46%. Its market cap stood at Rs 51,369.69 crore.
Source: CNBC-TV18Courtesy moneycontrol.com
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