Tata Steel Posts 5-Fold Rise In Q3 Profit But Misses Estimates

For the quarter ended December 31, profit was Rs 1,294 crore.

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Tata Steel Posts 5-Fold Rise In Q3 Profit But Misses Estimates

Analysts on average had expected a profit of Rs 1,392 crore for December quarter.

Tata Steel Ltd on Friday posted a five-fold rise in third-quarter profit, but missed analysts' expectations.

For the quarter ended December 31, profit was Rs 1,294 crore, compared with Rs 243 crore in the same period a year earlier, the steelmaker said in a statement.

Analysts on average had expected a profit of Rs 1,392 crore, according to Thomson Reuters data.
© Thomson Reuters 2018


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