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17-May2018

Tata Steel turns black in Q4

Tata Steel has reported results for the fourth quarter and year ended March 31, 2018.

The company has reported a fall of 27.14% in its net profit at Rs 1030.93 crore for the quarter ended March 31, 2018 as compared to Rs 1414.96 crore for the same quarter in the previous year. The total income of the company decreased by 3.84% at Rs 16500.80 crore for quarter under review as compared to Rs 17159.64 crore for the quarter ended March 31, 2017.

On consolidated basis, the company has reported a net profit of Rs 14688.02 crore for the quarter ended March 31, 2018 as compared to net loss of Rs 1168.02 crore for the corresponding quarter in the FY17. Total consolidated income of the company increased by 2.68% at Rs 36407.19 crore for quarter under review as compared to Rs 35457.06 crore for the same quarter ended previous year.

For the year ended March 31, 2018, the company has posted a rise of 21.05% in its net profit at Rs 4169.55 crore as compared to Rs 3444.55 crore for the previous year. Total income of company increased by 14.17% at Rs 61283.03 crore for year under review as compared to Rs 53675.42 crore for the year ended March 31, 2017.

For the year ended March 31, 2018, on the consolidated basis, the company has posted a net profit of Rs 17762.81 crore as compared to net loss of Rs 4168.57 crore for the previous year. Total consolidated income of company increased by 13.55% at Rs 133925.82 crore for year under review as compared to Rs 117947.41 crore for the year ended March 31, 2017.


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