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Tata steel reports 84% fall in Q4 consolidated net profit

26 Apr 2019 Evaluate

Tata steel has reported results for fourth quarter and year ended March 31, 2019.

The company has reported over 2-fold jump in its net profit at Rs 2491.09 crore for the quarter under review as compared to Rs 1030.93 crore for the same quarter in the previous year. Total income of the company increased by 19.19% at Rs 19,667.52 crore for Q4FY19 as compared Rs 16,500.80 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 84.37% in its net profit at Rs 2,295.25 crore for the quarter under review as compared to Rs 14,688,02 crore for the same quarter in the previous year. However, total income of the company increased by 26.28% at Rs 42,913.73 crore for Q4FY19 as compared Rs 33,983.74 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported over 2-fold jump in its net profit at Rs 10533.19 crore as compared to Rs 4169.55 crore for the previous year. Total income of the company increased by 19.15% at Rs 73,016.00 crore for year under review as compared to Rs 61,283.03 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a fall of 48.78% in its net profit at Rs 9,098.33 crore as compared to Rs 17,762.81 crore for the previous year. However, total income of the company increased by 27.28% at Rs 159,089.57 crore for year under review as compared to Rs 124,990.79 crore for year ended March 31, 2018.

Tata Steel Share Price

190.60 0.75 (0.40%)
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