Tata Steel Q1 net zooms three fold to Rs 5,347 cr
Tata Steel today reported nearly three-fold jump in consolidated net profit at Rs 5,347 crore for the quarter ended June 30, buoyed by mainly one-time gain after sale of stakes in Australian mining firm Riversdale and Tata Refractories.
The company had reported a net profit of Rs 1,825 crore during the corresponding quarter of last fiscal.
Net sales of the company also rose by 22% to Rs 32,840 crore during the quarter under review, compared to Rs 27,010.06 crore, the company said in a filing to the Bombay Stock Exchange.
Shares of the company were quoted at Rs 480 apiece on the Bombay Stock Exchange at 1450 hrs, down 0.97% from the previous close.
It added that in the April-June quarter, the company realised Rs 4,942 crore (AUD 1,060 million) by selling its entire 26% stake in the Riversdale to Rio Tinto. For more visit: Business Standard
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
