Excellent results by Tata Metaliks for the first quarter ended Jun-08. Total
Income has gone up by 48.36% to Rs 3,209.4 million in the first quarter
ended Jun-08 as compared to Rs 2,163.3 million for quarter ended Jun-07. The
Net Profit is up by 31.71% to Rs 202.3 million for quarter ended Jun-08 as
compared to Rs 153.6 million for quarter ended Jun-07. The operating profit
margin has come down in Jun-08 quarter by 220 bps to 12.43% as compared to
14.63% for the same period last year.
period last year. If current quarter's EPS is annualized the EPS for FY-08
would be around Rs 32. At current market price of Rs 125.15 the PE is 3.9.
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