Tata Steel has reported results for first quarter ended June 30, 2018.
The company has reported over 4-fold jump in its net profit at Rs 2,318.15 crore for the quarter under review as compared to Rs 506.45 crore for the same quarter in the previous year. Total income of the company increased by 16.36% at Rs 16,911.49 crore for Q1FY19 as compared Rs 14,533.86 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 1,951.06 crore for the quarter under review as compared to Rs 906.27 crore for the same quarter in the previous year. Total consolidated income of the company increased by 22.65% at Rs 38,180.05 crore for Q1FY19 as compared Rs 31,128.80 crore for the corresponding quarter previous year.
