Tata Steel Q3 FY10 Results : Net declined 42%

by khalid on 17/02/2010 · 0 comments

Tata Steel is the world’s eighth largest steel producer. The company has posted a net profit for the period Q3 (ending Dec 09) of the current fiscal (FY10). Though during the said quarter, net profit declined 42% to Rs 473 crores in comparison to the Rs 814 crores profit of Q3 (ending Dec 08) of previous year(FY09).

The company informed the market(BSE) that the net sales too declined to Rs 26069 crores in Q3 FY10 when compared with the same quarter Q3 FY09 of previous year. Net sales was Rs 32515 crores in last year’s same quarter. Tata Steel beats brokerages forecast, they expected a net profit of Rs 175 crores, on net sales of Rs 26870 crores in a poll.

Share’s Data :
BSE Code : 500470
Mkt. Cap: Rs 40172 Crores
P/E Ratio: 7.56
EPS (Rs): 71.18
Face Value : Rs 10
Last bonus : 1:2 in June 2004
Last Dividend : 160% in Jun 2009
52 Week H/L : Rs 661.70 / 148.65
Tata Steel Ltd share’s CMP is Rs 549.85 on 16th Feb 2010.

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