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| Tata Steel announces third quarter 2006 financial results  Tata Steel completed the third quarter of financial year 2006-07 on a buoyant note with turnover of Rs. 5,038 crores, an increase of 20% year over year and net profit of Rs. 1,064 crores, an increase of 41% y.o.y, compared to the corresponding period of the previous year. The saleable steel production and steel sales volumes increased by 11% and 11.5% respectively during the third quarter of the financial year 2006-07 as compared to the corresponding period of the previous year.Tata Steel has recorded a turnover of Rs. 14,153 crores, an increase of 13% and net profit of Rs. 3,119 crores, an increase of 15% y.o.y during the period April-December 2006, compared to the corresponding period of the previous year. Sales volumes increased by 12% at 3.53 million tonnes during the period April-December 2006, as compared to the corresponding period of the previous year. The company has recorded an EBITDA margin of 42% and net profit margin of 24% during the period April-December 2006. write your comments about the article :: © 2007 Construction News :: home page |