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Tata Steel reports 76% rise in Q3 consolidated net profit

Tata Steel reports 76% rise in Q3 consolidated net profit

Tata Steel has reported results for third quarter ended December 31, 2018.

The company has reported a rise of 83.55% in its net profit at Rs 2,456.09 crore for the quarter under review as compared to Rs 1,338.09 crore for the same quarter in the previous year. Total income of the company increased by 12.56% at Rs 17759.85 crore for Q3FY19 as compared Rs 15777.96 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 76.46% in its net profit at Rs 2,284.10 crore for the quarter under review as compared to Rs 1,294.38 crore for the same quarter in the previous year. Total income of the company increased by 23.04% at Rs 41,431.37 crore for Q3FY19 as compared Rs 33,672.48 crore for the corresponding quarter previous year.

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