Tata Metaliks Q3 PAT declines to Rs35.65cr, revenue rises; Stock dips over 3.5%

14 Jan 2022 , 11:56 AM

Tata Group-backed Tata Metaliks clocked a net profit of Rs35.65cr for the quarter ending December 2021 (Q3FY22), declining from a net profit of Rs75.43cr in Q3FY21 and Rs54.82cr in Q2FY22.

On the contrary, revenue from operations stood at Rs689.80cr in the quarter under review, rising from Rs526.23 of Q3FY21 and Rs644.84cr of Q2FY22.

The total expense of the company stood at Rs642.83cr in Q3FY22 increasing steeply compared to 419.37cr of Q3FY21 and Rs566.95cr of Q2FY22.

At around 11.53 am, Tata Metaliks was trading at Rs890.05 per piece down by Rs32.50 or 3.52% on Sensex.

The stock has touched an intraday high and low of Rs896.95 per piece and Rs850.80 per piece respectively.