TATA Sponge Iron has posted a net profit of INR 167.9 million for the quarter ended December 31st 2011 as compared to INR 222 million for the quarter ended December 31st 2010, representing a decrease of 24.37%.

The company’s total income increased from INR 1.70 billion for the quarter ended December 31st 2010 to INR 1.31 billion for the quarter ended December 31st 2011, representing an increase of 23.09%. During the quarter, the operating profit margin declined to 12.51% from 16.76% for the same period last year.

(Sourced from IRIS.com)