Tata Steel Q4 net profit at Rs.1103.5 crores, total income at Rs.5060.21 crores

Tata Steel Ltd has announced the audited financial results for the quarter & year ended March 31, 2007. The results for the Quarter ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 11035.00 million for the quarter ended March 31, 2007 as compared to Rs 7831.10 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 41648.90 million for the quarter ended March 31, 2006 to Rs 50602.10 million for the quarter ended March 31, 2007.

The results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 42221.50 million for the year ended March 31, 2007 as compared to Rs 35063.80 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 154702.60 million for the year ended March 31, 2006 to Rs 179856.90 million for the year ended March 31, 2007.

The consolidated results for the Quarter ended March 31, 2007 are as follows: The Group has posted a Profits after minority interest & share of profits of Associates of Rs 9643.70 million for the quarter ended March 31, 2007 as compared to Rs 8132.20 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 53749.20 million for the quarter ended March 31, 2006 to Rs 75594.00 million for the quarter ended March 31, 2007.

The consolidated results for the Year ended March 31, 2007 are as follows: The Group has posted a Profits after minority interest & share of profits of Associates of Rs 41772.70 million for the year ended March 31, 2007 as compared to Rs 37346.20 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 205688.80 million for the year ended March 31, 2006 to Rs 256513.80 million for the year ended March 31, 2007.

Source : Equity Bulls

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