Tata Steel has reported results for first quarter ended June 30, 2015.
The company has reported 44.95% fall in its net profit at Rs 1248.61 crore for the quarter ended June 30, 2015 as compared to Rs 2267.98 crore for the same quarter in the previous year. The company’s total income has decreased by 7.25% to Rs 9842.55 crore for the quarter under review from Rs 10611.76 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported 126.18% rise in its net profit after taxes, Minority Interest and Share of Profit/(Loss) of Associates of Rs 762.96 crore for the quarter ended June 30, 2015 as compared to Rs 337.33 crore for the same quarter in the previous year. Total income of the company has decreased by 15.23% at Rs 31062.50 crore for quarter under review as compared to Rs 36643.35 crore for the quarter ended June 30, 2014.
