Tata Steel's Q3 net profit shoots up to Rs. 1,753 crores in FY 2018-19

摘要

The Indian steel giant Tata Steel Ltd. has reported a 54 per cent increase in its net profit standing at Rs. 1,753 crores in the October-December period of FY 2018-19 (Q3FY' 19). During the quarter under review, the company's consolidated revenues increased by 23 per cent and stood at Rs. 41,220 crores, with India revenues rising to Rs. 22,063 crores. Also, Tata's consolidated gross debt declined by Rs. 9,083 crores during this quarter, including de-leveraging of over Rs. 6,000 crores.