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Tata Steel posts profit of ₹10,187 crore in March quarter
short by Manaya Bagga / on Wednesday, 16 May, 2018
Tata Steel on Wednesday posted a net profit of ₹10,187 crore for March quarter compared to a loss of ₹725 crore in the corresponding quarter last year. The Indian steelmaker saw an exceptional gain of ₹11,376 crore in the quarter, mostly as a result of restructuring of its UK pension scheme. The company's revenue increased 2.34% year-on-year to ₹36,132 crore.
read more at Bloomberg Quint