Tata Steel Ltd has posted a 21.78-per-cent rise in its standalone net profit at Rs 1,488.40 crore for the quarter-ended June 30, against Rs 1,222.11 crore logged in the same period of last year,
This is despite a Rs 303.42-crore loss accounted for on the foreign exchange front. Last year there had been a forex gain of Rs 553 crore.
Total income rose 43.48 per cent at Rs 6,177.25 crore for the quarter, against Rs. 4,305.33 crore.
Steel production for the quarter was higher at 1,186,873 tonnes as against 1,064,832 tonnes. Export turnover was at Rs 880.30 crore as compared with Rs 361.34 crore.
Interest costs at Rs 241.73 crore (Rs 41.61 crore) rose multifold.
This is despite a Rs 303.42-crore loss accounted for on the foreign exchange front. Last year there had been a forex gain of Rs 553 crore.
Total income rose 43.48 per cent at Rs 6,177.25 crore for the quarter, against Rs. 4,305.33 crore.
Steel production for the quarter was higher at 1,186,873 tonnes as against 1,064,832 tonnes. Export turnover was at Rs 880.30 crore as compared with Rs 361.34 crore.
Interest costs at Rs 241.73 crore (Rs 41.61 crore) rose multifold.
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