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This is an archive article published on February 15, 2011
Tata Steel Q3 net up over two fold
Tata Steel reported an over two-fold jump in its consolidated net profit to Rs 1,003.02 cr.
Tata Steel today reported an over two-fold jump in its consolidated net profit to Rs 1,003.02 crore for the third quarter ended December 31,2010 (Q3 result).
In the year-ago period,the company had a net profit of Rs 472.65 crore,Tata Steel said in a filing to the Bombay Stock Exchange (BSE).
The company’s consolidated net sales increased to Rs 28,606.15 crore in the October-December quarter of 2010 from Rs 26,068.55 crore in the corresponding period last fiscal.
On a standalone basis,the steel giant has registered a net profit of Rs 1,513.46 crore in quarter under review as against Rs 1,191.75 crore in the same quarter last fiscal.
The company’s net sales in the period also increased to Rs 7,324.69 crore from Rs 6,307.48 crore in the same quarter last fiscal.
Shares of the company closed at Rs 616.55 on the BSE,down 0.43 per cent from its previous close.
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