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Tata Sponge Q4 up two-folds to Rs 47 cr

Press Trust of India  |  New Delhi 

Tata Sponge 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 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.

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

First Published: Tue, April 17 2018. 22:40 IST