Tata Steel Q3 net dips 56 pc at Rs 466.24 cr | business | Hindustan Times
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Tata Steel Q3 net dips 56 pc at Rs 466.24 cr

Tata Steel on Wednesday reported a 56.37 per cent decline in net profit at Rs 466.24 crore for the third quarter ended on December 31, 2008.

business Updated: Jan 28, 2009 15:48 IST

Tata Steel on Wednesday reported a 56.37 per cent decline in net profit at Rs 466.24 crore for the third quarter ended on December 31, 2008.

Tata Steel had a net profit of Rs 1,068.58 crore in the third quarter of last fiscal, steel major said in a filing to the Bombay Stock Exchange.

The total income dipped 3.45 per cent to Rs 4,802.14 crore for the quarter under review, from Rs 4,973.92 crore in the same period last fiscal.

For the nine-month ended December 2008, Tata Steel posted a 7.49 per cent growth in net profit at Rs 3,742.45 crore. It had a net profit of Rs 3,481.52 crore in the December quarter of FY'08.

The total income rose 27.65 per cent to Rs 17,815.22 crore during the quarter under review, from Rs 13,956.59 crore in the same period last fiscal.

Shares of Tata Steel were trading at Rs 172.70, up 0.23 per cent in the late afternoon trade on the BSE.