Tata Sponge Iron Limited announced audited earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported net sales of INR 1,962.5 million compared with INR 1,266.5 million for the same period a year ago. Profit from ordinary activities before tax was INR 293.2 million compared with INR 255.9 million for the same period a year ago. Net profit was INR 205.8 million or INR 13.36 per basic and diluted share before extraordinary items compared with INR 167.9 million or INR 10.90 per basic and diluted share before extraordinary items for the same period a year ago.

For the nine months, the company reported net sales of INR 5,702.5 million compared with INR 4,327.5 million for the same period a year ago. Profit from ordinary activities before tax was INR 1,099.7 million compared with INR 900.0 million for the same period a year ago. Net profit was INR 760.7 million or INR 49.40 per basic and diluted share before extraordinary items compared with INR 610.3 million or INR 39.63 per basic and diluted share before extraordinary items for the same period a year ago.