Tinplate Company Of India profit plummets 66.15% for Mar`10 qtr

Myiris.com "Tinplate Company Of India disclosed a substantial drop in standalone net profit for the quarter ended March 2010.

During the quarter, the profit of the company declined 66.15% to Rs 74.06 million from Rs 218.81 million in the same quarter last year.

Net sales for the quarter for the quarter rose 12.92% to Rs 2,369.57 million, while total income for the quarter rose 12.89% to Rs 2,393.54 million, when compared with the prior year period.

It reported loss of Rs 0.52 a share during the quarter compared with earnings of Rs 2.27 a share in prior year period."