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Tata Steel Q3 consolidated net drops 44% at Rs 732 cr

Tata Steel Ltd announced on Friday that its consolidated net profit for the third quarter ended December 31, 2008 declined to Rs 732.21 crore from Rs 1,311.76 crore reported during the same quarter in 2007 but its shares rose as the market had expected a loss.

However, the group’s total income for the quarter ended December 31, 2008 has increased to Rs 33,222.59 crore from Rs 32,074.34 in the same period in 2007.
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