Tata Steel has reported results for first quarter ended June 30, 2012.
The company has reported a fall of 38.88% in its net profit at Rs 1356.56 crore for the quarter under review as compared to a net profit of Rs 2219.43 crore for the same quarter in the previous year. However, the total income from operation of the company has increased by 11.62% at Rs 9059.92 crore for Q1FY13 as compared Rs 8116.61 crore for the corresponding quarter previous year.
On the consolidated basis, the group has reported rise fall of 88.82% in its net profit after taxes, minority interest and share of profit of associates at Rs 597.88 crore for Q1FY13 as compared to a net profit of Rs 5346.55 crore for Q1FY12. However, the total income of the group has increased marginally by 1.03% at Rs 34110.58 crore for Q1FY13 as compared Rs 33761.42 crore for the corresponding quarter previous year.
