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Tata SSL turns around in 3QFY00 - Views on News from Equitymaster

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Tata SSL turns around in 3QFY00

Jan 31, 2000

Tata SSL has posted a net profit of Rs 11 m during the quarter ended 31st December 1999. The company has benefited from a rise in other income and a sharp fall in interest and depreciation expenditure. The company’s net profit margins now stand at 0.7% as compared to (0.8%) in the corresponding period last year.

(Rs m) 3QFY2000 3QFY1999 Change
Net Sales 1,563 2,070 -24.5%
Other Income 18 12 41.9%
Expenditure 1,468 1,950 -24.7%
Interest 64 95 -32.6%
Depreciation 38 54 -30.7%
Profit before Tax 11 (17) -165.3%
Tax - -  
Profit after Tax/(Loss) 11 (17) -165.3%
Net profit margin (%) 0.7% -0.8%  


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