Tata Steel net profit jumps to Rs 1,135.92 cr in Q3

Mumbai, Feb 9 : Tata Steel on Friday said its consolidated net profit jumped to Rs 1,135.92 crore in the quarter ended December 31, 2017 as compared to Rs 231.90 crore in the year-ago period.

Its consolidated profit after tax from continuing operations during the quarter was at Rs 1,143.88 crore compared to Rs 272.65 crore in the corresponding quarter previous year.

The steel producer also reported that a total revenue from operation during the quarter was Rs 33,446.6 crore compared to Rs 29,024.69 crore in the same quarter of 2016-17.

Both Indian and European operations has seen an increase in revenue, said the steel-maker, adding that it hoped to restart the blast furnace in Kalinganagar in 7-10 days after it was shut down for unplanned repairs.



Source: IANS