Tata Sponge Iron Limited Reports Audited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
For the nine months, the company's net sales/income from operations was INR 4,314.2 million compared with INR 6,063.8 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 22.2 million compared with profit from operations before other income, finance cost and exceptional items of INR 921.0 million a year ago. Profit from ordinary activities before tax was INR 228.1 million compared with INR 1,209.8 million a year ago. Net profit was INR 180.2 million or INR 11.70 per basic and diluted share before and after extraordinary items compared with INR 833.2 million or INR 54.11 per basic and diluted share before and after extraordinary items a year ago.