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Tata Metaliks reports 51% fall in Q2 net profit

Tata Metaliks has reported results for second quarter ended September 30, 2019.

The company has reported 50.79% fall in its net profit at Rs 23.39 crore for the quarter under review as compared to Rs 47.53 crore for the same quarter in the previous year. Total income of the company decreased by 5.73% at Rs 517.06 crore for Q2FY20 as compared Rs 548.49 crore for the corresponding quarter previous year.

Tata Metaliks is engaged in manufacturing of pig iron, casting, iron ore fines, coke breeze and limestone. It is a leading pig iron manufacturer and seller in India.

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