BackTata Steel Q1 net up to Rs1,488 cr
Tata Steel Q1 net up to Rs1,488 cr
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Mumbai: Steel major Tata Steel Ltd on 31 July announced a standalone net profit of Rs1488.40 crore in the first quarter ended 30 June 2008, indicating a growth of 21.78% over the corresponding period a year ago.
The company had a standalone net profit of Rs1222.11 crore during the same period last financial year, Tata Steel said in a filing with the Bombay Stock Exchange.
The standalone total income of the company increased to Rs6177.25 crore in the latest quarter from Rs4305.33 crore in the same period previous fiscal.
Shares of the company closed at Rs654.95, up 3.95% from the previous close on the BSE.
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