Tata Metaliks swung to a consolidated profit for the quarter ended September 2014. During the quarter, the company reported a profit of Rs 270.40 million compared with a loss of Rs 68.00 million in the same quarter previous year.
Net sales for the quarter rose 7.71% to Rs 3,507.60 million, compared with Rs 3,256 million for the prior year period.
Earnings per share stood at Rs 10.69 compared with negative Rs 2.69 in the same quarter last year.
| Quarterly Results - consolidated (Rs in mn) |
| As at | Sep - 14 | Sep - 13 | %Change |
| Net Sales | 3,507.60 | 3,256.40 | 7.71 |
| Net Profit | 270.40 | (68.00) | - |
| Basic EPS | 10.69 | (2.69) | - |
Shares of the company gained Rs 22.25, or 17.02%, to trade at Rs 152.95. The total volume of shares traded was 1,833,915 at the BSE (3.49 p.m., Wednesday).
