Tata Steel Q4 profit disappoints, down 90% at Rs 433.5 cr

Tata Steel , one of the ten largest steel companies in the world, has reported lower than expected consolidated net profit of Rs 433.5 crore for the Jan-March quarter of financial year 2011-12, a sharp fall of 89.62%, Year-on-Year. Net sales increased just 1.25% YoY to Rs 33,860 crore for the January-March quarter of 2012.

Analysts on average had expected net profit of Rs 1,025 crore and net sales of Rs 33,673 crore during the quarter.

The company will pay a dividend of Rs 12 a share, it said.

Consolidated EBITDA dropped 27% YoY to Rs 3,040.34 crore during the quarter.

Source: www.moneycontrol.com

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DENIP Consultants Pvt Ltd