Tinplate Company of India Ltd posted an 89 per cent drop in net profit to Rs 16 lakh for the quarter ended March 31, 2012, as compared with Rs 1.42 crore during the same period last year.
Total income witnessed an 8 per cent decline to Rs 156 crore (Rs 169 crore). The shares of Tinplate were trading at Rs 45.90 on Thursday, down by 1.40 per cent from its previous closing on the BSE.
Net profit for the year ended March 31, 2012, was down by 53 per cent to Rs 17 crore (Rs 36 crore).