Tata Steel reports Q4 loss on one-off charges
Tata Steel incurred a net loss of Rs 3,042 crore in the same quarter a year ago.business Updated: May 16, 2017 18:39 IST
Tata Steel Ltd reported a fourth-quarter net loss of Rs 1,168 crore ($182.4 million) on Tuesday after one-off items including non-cash pension curtailment charges.
That compared with a net loss of Rs 3,042 crore in the same quarter a year ago.
Before exceptional items, consolidated net profit from continuing operations was Rs 3,352 crore for the three months to March 31, Tata Steel said in a statement, compared with a loss of Rs 453 crore a year earlier.
Consolidated revenue for the quarter rose about 30% from a year earlier to Rs 35,005 crore.