Tata Metaliks Limited (“TML”) on October 27, 2017, declared its Financial Results for the second quarter of FY’18. TML recorded a Turnover of Rs.451 Crores and Profit after Tax of Rs.33.55 Crores for the quarter ended September 30, 2017. For the half year ended September 30, 2017, TML recorded a Turnover of Rs.860 Crores and Profit after Tax of Rs.64.17 Crores.
All figures in Rs. crores unless specified
Managing Director’s Comments
Mr. Sandeep Kumar, Managing Director of Tata Metaliks Limited said: “The Company’s focus on achieving cost leadership through structural cost reduction projects are helping it deal with market hiccups arising out of volatility in commodity prices and uncertain events like GST. The outlook for H2 looks positive with expected demand pick-up after the monsoons and major festivals but any fall in pig iron prices could be a dampener.”
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