The Hindu : Business : Tata Steel’s consolidated profit exceeds Rs. 6,000 crore

Online edition of India's National Newspaper
Thursday, Aug 30, 2007
ePaper

Business

Business

Tata Steel’s consolidated profit exceeds Rs. 6,000 crore

Special Correspondent

The first quarter results include provisional figures of Corus

— PHOTO: VIVEK BENDRE

A SPECIAL AGM: Ratan Tata (right), Chairman, Tata Steel, addressing the company’s 100th annual meeting in Mumbai on Wednesday. James Leng, Deputy Chairman, Tata Steel-Corus, looks on.

NEW DELHI: Close on the heels of acquiring the Anglo-Dutch steel producer Corus earlier this year, Tata Steel on Wednesday announced a consolidated profit after tax (PAT) of Rs. 6,388 crore in the first quarter this fiscal as compared to Rs. 1,014-crore in the same period last year.

The consolidated turnover was Rs. 31,155 crore in the first quarter of 2007-08 as compared to Rs. 5,748 crore in the same period of the previous fiscal.

The un-audited consolidated results for the quarter include audited financial results of Tata Steel and the provisional financial results of Corus.,

The consolidated operating profit increased to Rs. 4,904 crore during the first quarter (Rs. 1,712 crore) in the same period last year. The results included an extraordinary item, amounting to Rs. 4,121 crore.

Printer friendly page
Send this article to Friends by E-Mail

Business