Tinplate Company of India soared 6.99% to Rs 179.90 after the company's standalone net profit surged 107.04% to Rs 56.15 crore on a 59.82% jump in revenue from operations to Rs 754.97 crore in Q4 FY21 over Q4 FY20.
The board has recommended a dividend of Rs 2 per equity share to the shareholders of the company for the financial year ended 31 March 2021. The Q4 result was declared during trading hours today, 15 April 2021.
Meanwhile, R N Murthy has been re-appointed as the managing director (MD) of the company for a period of three years effective from 10 July 2021, i.e. on the expiry of his present term on 9 July 2021.
Tinplate Company of India is an associate of Tata Steel. The company manufactures various grades of electrolytic tinplates, tin-free steel sheets and full hard cold rolled sheets (FHCR) used for metal packaging. Tinplate Company is in the business of providing cost effective metal packaging solutions for processed edible products.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app