Tata Steel reports consolidated net loss of Rs 4,374 crore in Q1
14th Aug 2020

Tata Steel has reported results for the first quarter ended June 30, 2020.

The company has reported a fall of 22.46% in its net profit at Rs 1,193.27 crore for the quarter under review as compared to Rs 1,538.99 crore for the same quarter in the previous year. Total income of the company decreased by 41.85% at Rs 9,459.93 crore for Q1FY21 as compared Rs 16,269.16 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss attributed to owner Rs 4,373.60 crore for the quarter under review against net profit of Rs 699.66 crore for the same quarter in the previous year. Total income of the company decreased by 32.37% at Rs 24,481.09 crore for Q1FY21 as compared Rs 36,198.21 crore for the corresponding quarter previous year.