Tata Metaliks net profit declines 30% to Rs 52.46 crore in Q4

Tata Metaliks on Friday posted a 30 per cent fall in its net profit to Rs 52.46 crore for the quarter ended March owing to increased expenses.

The company had clocked a Rs 74.99 crore net profit during January-March period of preceding 2020-21 fiscal, Tata Metaliks said in a BSE filing.

Its total income during the said quarter, however, rose to Rs 814.65 crore compared to Rs 663.64 crore in the year-ago period.

The total expenses were higher at Rs 772.29 crore as against Rs 539.71 crore a year ago.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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