Industry

Tata Steel is back in black, nets ₹7,162 cr.

Tata Steel on Wednesday posted a consolidated net profit of ₹7,161.91 crore for the quarter ended March, mainly on account of higher income.

The company had reported a net loss of ₹1,615.35 crore a year earlier, Tata Steel said in a BSE filing.

In the January-March 2021 quarter, the company’s total income jumped to ₹50,249.59 crore from ₹37,322.68 crore a year earlier. Total expenses rose to ₹40,052 crore from ₹35,432.42 crore.

Shares of the company rose 0.46% to ₹1,068.95 per share on the BSE.


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Printable version | Jun 18, 2021 6:25:30 PM | https://www.thehindu.com/business/Industry/tata-steel-is-back-in-black-nets-7162-cr/article34492753.ece

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