Net Profit of Tata Steel Doubles to £15.32 billion

• Radhakrishna N S
• 14 August, 2018

By: Radhakrishna N S

Tata Steel’s net profit for the quarter ended in June 2018 (first quarter of the fiscal year 2018-19) more than doubled to 15.32 billion GBP when compared to the last year’s profit recorded in the same quarter following a higher than expected performance of the Indian steel business. Company’s revenue increased over 18 per cent to 128.48 billion GBP, the company said on Monday (13).  The company had recorded a profit of 7.22 billion GBP in the April-June quarter, last year. Total deliveries grew by 7.9% year-on-year basis (YoY) to 2.97 million tons in the first quarter of the financial…

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