Tata Steel Sept quarter consolidated net up 213%

Tata Steel Sept quarter consolidated net up 213%

Reuters

Mumbai: Tata Steel Ltd, the world’s sixth-largest steel maker, said on Tuesday its consolidated quarterly net profit rose 213%, boosted by its Anglo-Dutch unit Corus.

Consolidated net profit after minority interest and share of profit of associates rose to Rs47.72 billion ($952 million) for the September quarter from a restated Rs15.24 billion a year ago.

Last month, the company said quarterly net profit from its Indian operation jumped 50% to Rs17.88 billion for the September quarter.

Close