Tinplate Company Q1 PAT jumps 24% YoY to Rs 85 cr

22 Jul 2022 , 03:31 PM

The companys profit before tax in Q1 FY23 stood at Rs 113.70 crore, up 23.53% from Rs 92.04 crore posted in Q1 FY22. Total expenses jumped 15.48% to Rs 903.46 crore in Q1 FY23 over Q1 FY22. During the quarter, cost of raw material consumed grew 29.75% to Rs 884.04 crore and employee benefits expense added 13.43% to Rs 38.61 crore in Q1 FY23 over Q1 FY22. Shares of Tinplate Company of India were down 0.04% to Rs 337.45 on the BSE. The Tinplate Company of India (TCIL), a subsidiary of Tata Steel, is Indias leading tinplate producer. TCIL a larger share of the domestic tinplate market. It caters to ~60% of the prime tinplate market and 40%+ of the overall domestic market. Powered by Capital Market – Live News