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Tata Steel reports 64% fall in Q1 consolidated net profit

08 Aug 2019 Evaluate

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

The company has reported 33.61% fall in its net profit at Rs 1538.99 crore for the quarter under review as compared to Rs 2318.15 crore for the same quarter in the previous year. Total income of the company decreased by 3.80% at Rs 16,269.16 crore for Q1FY20 as compared Rs 16,911.49 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 63.70% in its net profit at Rs 701.97 crore for the quarter under review as compared to Rs 1,933.80 crore for the same quarter in the previous year. However, total income of the company increased marginally by 0.98% at Rs 36198.21 crore for Q1FY20 as compared Rs 35846.92 crore for the corresponding quarter previous year.  

Peers
Company Name CMP
JSW Steel 1227.10
Tata Steel 175.50
Steel Authority 174.50
Jindal Stainless 732.35
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