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Tata Steel, the country’s largest steel producer, came back to the black by reporting a consolidated net profit of Rs 921 crore in the April-June quarter, as strong performance of domestic operations continued to lead the show followed by improved earnings scenario from European operations. The company had posted a huge loss of Rs 3,183 crore in the corresponding period last year.
However, profitability of the company was partly hit by an exceptional loss of Rs 617 crore on account of provision for mining-related litigation.
In the period under review, the firm’s top line stood at Rs 30,803
However, profitability of the company was partly hit by an exceptional loss of Rs 617 crore on account of provision for mining-related litigation.
In the period under review, the firm’s top line stood at Rs 30,803
