Business
Tata Steel Q1 consolidated PAT soars six-fold

New Delhi, Aug. 29 (PTI): Tata Steel today reported an over six-fold leap in its consolidated profit after tax (PAT) at Rs 6,388 crore in the first quarter this fiscal on acquisition of Anglo-Dutch steel maker Corus Group Plc early this year.

The Indian company, which is now the world's sixth- biggest maker of the alloy, had recorded a consolidated profit after tax of Rs 1,014 crore in the same period last fiscal.

Consolidated turnover also registered a jump of over five-fold at Rs 31,155 crore in the first quarter of 2007-08 against Rs 5,748 crore during the same period previous fiscal.

"The un-audited consolidated financial statements of the company for the quarter include audited financial results of Tata Steel Ltd and the provisional financial results of Corus," a Tata Steel press release said.

Business

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