*Tata Steel* announced a substantial drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 56.37% to Rs 4,662.40 million from Rs 10,685.80 million in the same quarter last year due to decrease in operating margins.
Net sales declined marginally 3.45% to Rs 48,021 million, while total income for the quarter fell marginally 4.57% to Rs 48,106.30 million, when compared with the prior year period. The company posted earnings of Rs 5.94 a share during the quarter, registering 66.15% decline over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 48,021.40 49,739.20 (3.45) *Net Profit* 4,662.40 10,685.80 (56.37) *Basic EPS* 5.94 17.55 (66.15) During the quarter, the operating margin of the company dropped to 28.13% compared with 41.81% in the previous year period. --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
