Tata Steel announces Q1 results

Tata Steel Ltd has announced the following audited Results for the quarter ended June 30, 2006:

The Company has posted a net profit of Rs 9534.10 million for the quarter ended June 30, 2006 (Q1 FY 06-07) as compared to Rs 9241.10 million for the quarter ended June 30, 2005 (Q1 FY 05-06). Total Income (net of excise) has increased from Rs 35873.90 million in Q1 FY 05-06 to Rs 39937.80 million for Q1 FY 06-07.

The Consolidated Results are as follows:

The Group has posted a Profits after minority interest & share of profits of Associates of Rs 10191.80 million for the quarter ended June 30, 2006 (Q1 FY 06-07) as compared to Rs 9853.20 million for the quarter ended June 30, 2005 (Q1 FY 05-06). Total Income (net of excise) has increased from Rs 49164.50 million in Q1 FY 05-06 to Rs 58432.80 million for Q1 FY 06-07.

Source : Equity Bulls

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