Tata Steel reports consolidated net loss of Rs 3183.07 crore in Q1

Tata Steel has reported results for first quarter ended June 30, 2016.

The company has registered 35.29 % rise in its net profit at Rs 575.43 crore for the quarter as compared to Rs 425.34 crore for the same quarter in the previous year. Total income of the company increased by 1.98 % at Rs 10428.98 crore for quarter under review as compared to Rs 10226.37 crore for the quarter ended June 30, 2015. 

On the consolidated basis, the company has reported a net loss after taxes, minority interest and share of profit of associates of Rs 3183.07 crore for the quarter under review as compared to a net loss of Rs 316.91 crore for the same quarter in the last year. However, total income of the company has decreased by 5.50% at Rs 26542.83 crore for quarter under review as compared to Rs 28087.38 crore for the quarter ended June 30, 2015.