Tata Steel Ltd.
-1.15 (-0.61%) Tata Steel reports 75% rise in Q1 consolidated net profit
Date: 01-08-2024Tata Steel has reported results for first quarter ended June 30, 2024 (Q1FY25).
The company has reported 36.15% fall in net profit at Rs 3,329.03 crore for Q1FY25 as compared to Rs 5,214.17 crore for the same quarter in the previous year. Total income of the company decreased by 9.84% at Rs 33,332.04 crore for Q1FY25 as compared to Rs 36,971.06 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 75.02% rise in its net profit at Rs 918.57 crore for the quarter ended June 30, 2024 as compared to Rs 524.85 crore for the same quarter in the previous year. However, total income of the company decreased by 9.29% at Rs 55,031.30 crore for Q1FY25 as compared to Rs 60,666.48 crore for the corresponding quarter previous year.