Tata Steel reports consolidated Q4 net profit at Rs 146.88 billion

The Indian steelmaker saw an exceptional gain of 113.76 billion in the quarter

Steel giant Tata Steel on Wednesday reported a consolidated net profit of Rs 146.88 billion for the quarter ended March 31, 2018.

The company had clocked a net loss of Rs 11.68 billion in the corresponding quarter of the previous financial year, it said in a BSE filing.

The total consolidated income of the company increased to Rs 364 billion in January-March 2018 from Rs 354.5 billion in the same quarter of 2016-17.

Total expenses of the company stood at Rs 326.20 billion during the quarter under review, as against Rs 311.32 billion in the year-ago period.

T V Narendran, chief executive officer and