Tata Steel posts Q1 profit of Rs 9,768 crore

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Tata Steel on Thursday posted a consolidated net profit of Rs 9,768.34 crore for the quarter ended June 30, 2021.  The steel giant incurred a net loss of Rs 4,648.13 crore in the year-ago period, Tata Steel said in a BSE filing.

Total income zoomed to Rs 53,534.04 crore during the quarter under review from Rs 25,662.43 crore a year ago. Expenses were at Rs 41,397.23 crore as against Rs 29,116.37 crore earlier.

Tata Steel is among the leading steel producing companies in the world.