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Tata Steel third quarter profit up over two fold to Rs 1,003.02 cr

The company's consolidated net sales increased to Rs 28,606.15 crore in the October-December quarter from Rs 26,068.55 crore in the same period last year.

twitter-logoPTI | February 16, 2011 | Updated 10:05 IST

Tata Steel on Tuesday reported an over two-fold jump in its consolidated net profit to Rs 1,003.02 crore for the third quarter ended December 31, 2010.

In the year-ago period, the company had a net profit of Rs 472.65 crore, Tata Steel said in a filing to the Bombay Stock Exchange (BSE).

The company's consolidated net sales increased to Rs 28,606.15 crore in the October-December quarter of 2010 from Rs 26,068.55 crore in the corresponding period last year.

On a standalone basis, the steel giant has registered a net profit of Rs 1,513.46 crore in quarter under review as against Rs 1,191.75 crore in the same quarter last financial year.

The company's net sales in the period also increased to Rs 7,324.69 crore from Rs 6,307.48 crore in the year-ago period.

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