*TIL* disclosed a steep drop in standalone net profit for the quarter ended
December 2008.

During the quarter, the profit of the company declined 30.16% to Rs 52.80
million from Rs 75.60 million in the same quarter previous year.

Net sales declined marginally 4.92% to Rs 1,896 million, while total income
for the quarter fell 5.21% to Rs 1,896.20 million, when compared with the
prior year period.

The company reported earnings of Rs 5.27 a share during the quarter,
registering 32.18% decline over prior year period.


  *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07*
*%Change* *Net Sales* 1,896.00 1,994.20 (4.92) *Net Profit* 52.80 75.60
(30.16) *Basic EPS* 5.27 7.77 (32.18)

During the quarter, the operating margin of the company climbed by 28.99
basis points to 9.45% compared with the previous year period. Interest cost
increased 41.79% to Rs 58.70 million while depreciation cost rose 22.41% to
Rs 35.50 million over previous year period.

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