Tata Metaliks Posts Rs 94 Crore Revenue In Q1

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Tata Metaliks posts Rs 94 crore profit in Q1


Tata Metaliks has its manufacturing amenities at Kharagpur in West Bengal which produces Pig Iron and DI Pipes.

PTI

July 13, 2021 / 09:20 PM IST

Backed by greater gross sales and worth realisation, Tata Metaliks Restricted, a subsidiary of Tata Metal, on Tuesday reported a web revenue of Rs 94.72 crore for the primary quarter ended June 2021 in opposition to a lack of Rs 12.36 crore posted in the identical interval final yr.

The corporate recorded income from operations of Rs 603 crore and PBT of Rs 135 crore for the quarter ending June’21.

“Demand for Pig Iron bought impacted adversely in Q1 due to Covid second wave as main foundry clusters operated at 30-40 per cent capability. Nonetheless, the corporate achieved the highest ever quarterly deliveries on the again of a soar in exports,” an organization official stated.

“File gross sales volumes coupled with sturdy worth realisation, together with steady blast furnace operations, uncooked supplies value optimisation and better coal injection have helped the corporate obtain its finest ever quarterly earnings,” the official stated.

Tata Metaliks has its manufacturing amenities at Kharagpur in West Bengal which produces Pig Iron and DI Pipes.

The plant yearly produces round 5,50,000 tonnes of sizzling steel, out of which over 2,00,000 tonnes is transformed into DI Pipes and the remaining into Pig Iron.

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