Tata Steel net profit jumps 75 pc to Rs 918.57 cr in Q1; India profit dips to Rs 3,335 cr

Tata Steel net profit jumps 75 pc to Rs 918.57 cr in Q1; India profit dips to Rs 3,335 cr

 

Steel major Tata Steel on Wednesday reported a 75 per cent rise in its consolidated net profit at Rs 918.57 crore in June 2024 quarter as the company managed to reduce its expenses.

It had reported a net profit of Rs 524.85 crore during the April-June period of preceding 2023-24 fiscal, the company said in an exchange filing.

The total income fell to Rs 55,031.30 crore in the reporting period from Rs 60,666.48 crore a year ago.