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Tinplate Company jumps after Q2 PAT spurts 366% YoY to Rs 74.93 cr

Capital Market 

Tinplate Company of India jumped 3.06% to Rs 318.70 after the company's net profit surged 365.98% to Rs 74.93 crore on 80.38% rise in net sales to Rs 885.66 crore in Q2 September 2021 over Q2 September 2020.

Profit before tax surged 396% to Rs 99.99 crore in Q2 September 2021 over Q2 September 2020. During the quarter, total expenses jumped 71.63% YoY to Rs 886.93 crore. Employee expense climbed 18.32% YoY to Rs 36.75 crore. Raw material cost increased 118.81% YoY to Rs 761.89 crore.

Tinplate Company of India (TCIL) is a subsidiary of Tata Steel, which has a 74.96% stake in it. TCIL is India's leading tinplate producer.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, November 16 2021. 09:19 IST