Tata Steel posts Q2 net profit of Rs 1,018 crore
Tata Steel today posted a consolidated net profit of Rs 1,018 crore for the quarter ended September 30, 2017.
The company had reported a consolidated net loss of Rs 49.38 crore in the July-September quarter a year ago, Tata Steel said in a filing to the BSE.
Total income during the second quarter increased to Rs 32,717.35 crore as against Rs 27,228.50 crore in the year-ago period.
During July-September 2017, total expenses of the company were also higher at Rs 30,566.68 crore as compared to Rs 26,866.49 crore a year ago.
Shares of Tata Steel today closed 1.03 per cent lower at Rs 718.80 apiece on the BSE.
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First Published: Oct 30 2017 | 7:07 PM IST