Tata Steel's net profit declined 16% in the fourth quarter of fiscal year 2013 compared to the same period the previous year. While net sales rose 13.62%, net profit fell to Rs. 13092.10 million from Rs. 15.45 per share last year. The company's stock price at the BSE rose 4.56% after the earnings announcement.

1. Tata Steel's Net plummets 16% in Q4
Tata Steel Ltd
24-May-2013 | QuarterlyResult as on31-Mar-2013
For the period the Tata Steel Ltd reported Net Sales of Rs 107705.30 million and Net Profit of Rs 13092.10 million. While Net Sales rose by
13.62%, Net Profit came down by 16.10% and thereby NPMreduced to 12.16% as compared to 16.46% during same period previous FY.
EquityCapital for the period under consideration stands at Rs 9714.10 million. EPS as on 31-Mar-2013 stands at Rs 13.02 viz-a-vizRs 15.45
as on 31-Mar-2012.
The stock of the Tata Steel Ltd at BSE opened at 310.40 touched a high 319.40 and low 306.45 before closing at 313.15 gaining 4.56% over
previous close. The trading volume for the stock at BSEstood at 1754819 shares and at NSEstood at 11516072 shares.
BSE NSE
The stock shares 1.23% weight in S&P BSE Sensex. The S&P BSE Sensexclosed todayat 19704.33 (0.15% gain) and CNXNiftyclosed at
5983.55 (0.28%gain).
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