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Tata Metaliks Ltd Q4 PAT rises 35% to Rs 54.65 cr

Tata Metaliks Ltd Q4 PAT rises 35% to Rs 54.65 cr
Kolkata:Tata Metaliks Limited (TML) has reported a 35.3 per cent rise in its Profit After Tax (PAT) at Rs 54.65 crore for the quarter ended March 31,2018 compared with Rs 40.38 crore in the corresponding quarter of the previous year.
The Company's turnover for the quarter stood at Rs 546 crore, up by 31.5 per cent compared with Rs 415 crore in Q4 FY17.
The company recorded sales deliveries of 291 KT of Pig Iron and over 209 KT of DI Pipes for the financial year. Deliveries for the quarter were 71 KT of Pig Iron and 65 KT of DI Pipes.
For the fiscal ended March 31,2018, the Company recorded a turnover of Rs 1,894 crore, up 34.3 per cent compared with Rs 1,410 crores in FY 17. PAT for FY18 was Rs 159.18 crore, up by 37 per cent from Rs 116.06 crore in last financial year.
Tata Metaliks Limited's Board of directors has recommended a dividend of 30 per cent on equity shares for the year gone by.
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