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Tata Steel Q3 net down 56% at Rs 466 cr

Tata Steel today reported 56.37 per cent drop in its net profit at Rs 466.24 crore for the third quarter ended December 31, 2008, as compared to Rs 1,068.58 crore in the same period last year.

Total income declined 4.19 per cent to Rs 4,810.63 crore for the quarter under review as against Rs 5,020.97 crore.

During the nine month ended December 2008, the company reported net profit of Rs 3,742.45 crore, as compared to Rs 3,481.52 crore in the corresponding period last fiscal.

Total income of the nine-month ended December 2008 rose to Rs 18,076.92 crore, whereas it was Rs 14,192.71 crore in the year-ago period.
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