Tata Steel Ltd.

Tata Steel reported results for the fourth quarter and year ended March 31, 2013.

The company has reported a fall of 16.10% in its net profit at Rs 1309.21 crore in Q4FY13 as compared to net profit of Rs 1560.51 crore in the same quarter previous year.  However, total income of the company has increased by 16.38% to Rs 11245.27 crore as compared to Rs 9662.36 crore in corresponding quarter last year.

For the year ended March 31, 2013, the company has registered 24.39% fall in its net profit at Rs 5062.97 crore in FY13 as against Rs 6696.42 crore in previous years. However, total income of the company has increased to Rs 39101.47 crore as compared to Rs 34819.89 crore in FY12, up by 12.30%.

On consolidated basis, for the full year ended March 31, 2013, the company has posted net loss after taxes, Minority Interest and share of Profit / (Loss) of Associates of Rs 7057.62 crore as compared to the net profit of Rs 5389.77 crore for the same period in the previous year.  However, total income has increased by 0.53% at Rs 135190.69 crore for year under review as compared to Rs 134472.73 crore for the period ended March 31, 2012.