Tata Steel Q2 net up 37% at Rs 1,254 cr
During the quarter the company made a one-time gain of Rs 1,147 cr on selling land in Mumbai
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(From left to right) Koushik Chatterjee, CFO, Tata Steel and Karl Ulrich Kohler, MD & CEO, Tata Steel Europe at the announcement of the company's second quarter results in Mumbai (pic: Suryakant Niwate)
However, net sales dropped 2% to Rs 35,503 crore as against Rs 36,369 crore in September 2013.
During the quarter under review the company made a one-time gain of Rs 1,147 crore on account of completion of sale of land in Mumbai.
On Wednesday, the company's stocks on BSE clossed 2.4% lower at Rs 468.3 apiece.
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First Published: Nov 12 2014 | 4:27 PM IST