Tata Metaliks on Monday said its profit after tax (PAT) fell by over 35 per cent to Rs 19.62 crore during the quarter ended June 30, 2019. The company clocked Rs 30.39 crore PAT in the year-ago period, Tata Metaliks said in a BSE filing.
Total income was however higher at Rs 503.43 crore as compared to Rs 469.02 crore in April-June 2018.
A subsidiary of Tata Steel, Tata Metaliks has manufacturing facilities at Kharagpur, West Bengal, where the company produces pig iron and ductile iron pipes.
The outlook for FY’20 and beyond for the Company looks positive with government’s emphasis on further strengthening and investing in water projects that should give a thrust to the company’s DI pipe business.