ALSO READTata Sponge Iron announces board meeting date Tata Sponge Iron melts on profit booking Tata Sponge Iron gets reaffirmation in credit ratings Tata Sponge Iron consolidated net profit rises 228.17% in the December 2017 quarter Tata Sponge Iron standalone net profit rises 228.38% in the December 2017 quarter
Tata Sponge Iron today reported over two-fold jump in standalone net profit to Rs 46.70 crore for the fourth quarter ended March 31, 2018.
The company had posted a profit of Rs 21.20 crore in the corresponding quarter of previous fiscal, Tata Sponge Iron Ltd said in a BSE filing.
Its total income was up 31.59 per cent to Rs 243.50 crore during the quarter under review as against Rs 185.04 crore in the year-ago period.
Meanwhile, in a separate filing, Tata Sponge said that its board in a meeting held today recommended a dividend of Rs 20 per equity share of Rs 10 each to the shareholders for the financial year 2017-18.
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