Tata Steels subsidiary companies have reported a 93.67 per cent increase in their combined profit after taxes at Rs 232.79 crore for the 2005/2006 fiscal. Combined revenues of the subsidiary companies jumped up by 194.5 per cent for the 2005-2006 fiscal at Rs 5,545.36 crore.
The increase in profit is because NatSteel Asia Pte Ltds accounts were for the full year as compared to 45 days in the earlier year. NatSteel reported a net profit of Rs 128.49 crore against Rs 7.49 crore and revenues of Rs 4,052.08 crore compared to Rs 543.95 crore in the earlier year. Apart from NatSteel, other contributors to the profits were Tata Refractories and Indian Steel & Wire Products.
The topline contributors were Tata Refractories, Tata Pigments, TM International Logistics, Lanka Special Steels, Sila Eastern and Jamshedpur Utilities and Services Company.
Kalimati Investments reported a dip in its profits as well as revenues.
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| Posted : 6/23/2006 |
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