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Tata Steel BSL reports 95% fall in Q1 consolidated net profit

26 Jul 2019 Evaluate

Tata Steel BSL has reported results for first quarter ended June 30, 2019.

The company has reported a fall of 94.62% in its net profit at Rs 113.26 crore for the quarter under review as compared to Rs 2,104.30 crore for the same quarter in the previous year. Total income of the company decreased by 6.07% at Rs 4,364.20 crore for Q1FY20 as compared Rs 4,646.15 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 94.72% in its net profit at Rs 111.05 crore for the quarter under review as compared to Rs 2,104.28 crore for the same quarter in the previous year. Total income of the company decreased by 6.17% at Rs 4,359.36 crore for Q1FY20 as compared Rs 4,646.15 crore for the corresponding quarter previous year.

Peers
Company Name CMP
JSW Steel 1267.50
Tata Steel 182.85
Steel Authority 179.00
Jindal Stainless 755.20
APL Apollo Tubes 2153.00
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