Tata Sponge Iron Q1 net jumps 32% at Rs 29.71 cr

Posted By: Religare
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Tata Sponge Iron Ltd has reported the growth of 32 per cent in its net profits for the first quarter ended June 2012 at Rs 29.71 crore.

The company had posted the net profit of Rs 22.52 crore during the year ago period, said Tata Sponge in a filing to the BSE on July 20, 2012.

The total income of the company rose 29.7 per cent to Rs 189.02 crore during Q1 2012-13, compared with Rs 145.69 crore during the year ago period.

Shares of the company were trading at Rs 345.20 a piece, up 1.10 per cent from previous close on BSE at 11:20 hours.

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