Tata Steel net profit jumps to Rs 1,135.92 cr in Q3
Mumbai Feb 9 (IANS) Tata Steel on Friday said its consolidated net profit jumped to Rs 1 135.92 crore in the quarter ended December 31 2017 as compared to Rs 231.90 crore in the year-ago period.
Its consolidated profit after tax from continuing operations during the quarter was at Rs 1 143.88 crore compared to Rs 272.65 crore in the corresponding quarter previous year.
The steel producer also reported that a total revenue from operation during the quarter was Rs 33 446.6 crore compared to Rs 29 024.69 crore in the same quarter of 2016-17.
Both Indian and European operations has seen an increase in revenue said the steel-maker adding that it hoped to restart the blast furnace in Kalinganagar in 7-10 days after it was shut down for unplanned repairs.
--IANS
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