By IANS,
Mumbai: India’s largest private steel manufacturer Tata Steel Thursday reported a 155.6 percent rise in net profit at Rs.1,191.75 crore (Rs.11.92 billion/$258 million) for the quarter ended Dec 31, compared to Rs.466.24 crore in the same period of last fiscal.
Total income of the company increased to Rs.6,638 crore compared Rs.4,822 crore, it said in a regulatory filing.
The company’s results, which were better than what most analysts expected, grew by 25 percent to Rs.4,480 crore as against Rs.3,586 crore in the year-ago period.
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