tata steel: Tata Steel Q1 Results: Profit drops 13% YoY to Rs 7,765 cr on back rising input costs; revenue up 18.6% – The Economic Times Video

Tata Steel today reported a consolidated profit after tax of Rs 7,765 crore in the June quarter of the ongoing fiscal year, a drop of 12.8 per cent from the corresponding quarter of the last year. Tata Steel’s total revenue from operations of Rs 63,430 crore also managed to surprise the Street by recording YoY growth of 18.6 per cent. Tata Steel CEO and MD TV Narendran said despite multiple headwinds, the company delivered a strong performance with an improvement in margins.