Advertisement
trendingNowenglish2030892https://zeenews.india.com/companies/tata-steel-swings-to-profit-in-first-quarter-but-lags-estimates-2030892.html

Tata Steel swings to profit in first quarter, but lags estimates

Tata Steel Ltd swung to a first-quarter profit from a loss a year ago, as sales volumes were boosted by the ramp-up of its Kalinganagar plant.

Tata Steel swings to profit in first quarter, but lags estimates

New Delhi: Tata Steel Ltd swung to a first-quarter profit from a loss a year ago, as sales volumes were boosted by the ramp-up of its Kalinganagar plant.

The steel maker`s net profit came in at 9.21 billion rupees ($144.37 million) in the quarter ended June 30, compared to a loss of 31.83 billion rupees a year earlier.

Analysts on average had expected a net profit of 10.43 billion rupees, according to Thomson Reuters data. 

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.

NEWS ON ONE CLICK