Tata Steel Net Profit at Rs 12349.98 Crores in FY 2008

Tata Steel Ltd has announced the Audited results for the year ended March 31, 2008.The Company has posted a net profit of Rs 46870.30 million for the year ended March 31, 2008 as compared to Rs 42221.50 million for the year ended March 31, 2007. Total Income has increased from Rs 179847.60 million for the year ended March 31, 2007 to Rs 200282.80 million for the year ended March 31, 2008.The Consolidated results are as follows: The Group has posted a Profit after minority interest & share of profits of Associates of Rs 123499.80 million for the year ended March 31, 2008 as compared to Rs 41772.70 million for the year ended March 31, 2007. Total Income has increased from Rs 256504.50 million for the year ended March 31, 2007 to Rs 1321100.90 million for the year ended March 31, 2008.The stock closed the day at Rs.757.10, up by Rs.14.15 or 1.90%. The stock hit an intraday high of Rs.763 and low of Rs.731.55.The total traded quantity was 1290194 compared to 2 week average of 1105320.