Tata Steel Q2 net up 8% at Rs 1,190.83 cr

Tata Steel Q2 net up 8% at Rs 1,190.83 cr
PTI
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First Published: Fri, Oct 26 2007. 10 11 PM IST
Updated: Fri, Oct 26 2007. 10 11 PM IST
New Delhi: The world’s sixth largest steelmaker, Tata Steel Ltd on 26 October posted an 8.11% rise in net profit at Rs1,190.83 crore for the quarter ended 30 September as compared to Rs1,101.49 crore in the corresponding quarter last year.
Total income jumped 11.4% to Rs 4,879.41 crore for the second quarter ended 30 September from Rs 4,379.51 crore in the year-ago period, a company release said.
For the first half of the current fiscal, the company reported a net profit of Rs2,412.94 crore against Rs2,054.90 crore in the same period in 2006-07. Total income stood at Rs9,223.11 crore for the six month period ended 30 September against Rs8,356.89 crore in the comparable period last year.
Earnings per share of the company stood at Rs19.55 for the quarter ended 30 September as against Rs19.15 in the same period last year.
The company’s steel production has grown to Rs12.79 lakh tonnes in the quarter ended 30 September as against 12.57 lakh tonnes in the year-ago period.
Besides, steel sales grew to 12.18 lakh tonnes in the reviewed quarter from 11.83 lakh tonnes in the same period last year, it said.
Tata Steel also posted an export turnover of Rs597.21 crore in the July-September period this year while it was Rs545.95 crore in the same period of 2006-07.
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First Published: Fri, Oct 26 2007. 10 11 PM IST