Tata Steel’s consolidated profits skyrocketed in the three-month period ending December 31st. The boosted income lifted the consolidated profits by the company during Q3 current fiscal year.
According to a filing by the company to the Bombay Stock Exchange (BSE), the total income during the quarter rose to INR 39,809.05 crore, as compared with INR 35,613.34 crore during the corresponding quarter a year before. The company closed at a consolidated profit of INR 4,010.94 crore. This compares with a loss of INR 1,228.53 crore in the year ago quarter. While the company’s total income rose to INR 39,809.05 crore, its expenses declined to INR 34, 183.18 crore.
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