Tata Steel reported a 47 per cent drop in net profit to Rs 789.83 crore for the first quarter ended June 30, 2009. Total income declined to Rs 5,661.89 crore during the April-June quarter from Rs 6,165.14 crore in the corresponding period a year -ago. Steel output jumped 30.51 per cent during the quarter under review at 1.54 million tonnes from 1.18 million tonnes in the comparable period last year and sales at 1.42 million tonnes as against 1.16 million tonnes.
Export turnover of the company slipped to Rs 334.95 crore in the Q1, 2009 from Rs 868.13 crore in the same period of the previous fiscal.
Comments