Tata steel reports 22% rise in Q2 consolidated net profit

06 Nov 2015 Evaluate

Tata steel has reported results for second quarter ended September 30, 2015

The company has reported 1.88% rise in its net profit at Rs 2522.92 crore for the quarter ended September 30, 2015 as compared to Rs 2476.41 crore for the same quarter in the previous year. The company’s total income has increased by 12.82% to Rs 12463.77 crore for the quarter under review from Rs 11047.46 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 21.87% rise in its net profit after taxes, minority interest and share of profit / (loss) of associates of Rs 1528.71 crore for the quarter ended September 30, 2015 as compared to Rs 1254.33 crore for the same quarter in the previous year. However, total income of the company has decreased by 18.68% at Rs 32242.88 crore for quarter under review as compared to Rs 36098.63 crore for the quarter ended September 30, 2014. 

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