Tata Steel swings into black; posts Rs 4,011 crore consolidated net profit in Q3 – Times of India
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NEW DELHI: Tata Steel swung back into black in the October-December quarter posting a consolidated profit of Rs 4,010.94 crore for the quarter on the back of increased income.
The company had clocked a loss of Rs 1,228.53 crore in the year ago quarter, Tata Steel said in a BSE filing.
During the October-December period of the current fiscal, its total income rose to Rs 39,809.05 crore from Rs 35,613.34 crore a year ago.
Its expenses were at Rs 34,183.18 crore, lower from Rs 35,849.92 crore in October-December 2019-20.
The company had clocked a loss of Rs 1,228.53 crore in the year ago quarter, Tata Steel said in a BSE filing.
During the October-December period of the current fiscal, its total income rose to Rs 39,809.05 crore from Rs 35,613.34 crore a year ago.
Its expenses were at Rs 34,183.18 crore, lower from Rs 35,849.92 crore in October-December 2019-20.
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