Tata Steel Q3 cons net profit at Rs 813.89 cr

Tata Steel Q3 cons net profit at Rs 813.89 cr

Tata Steel has declared its third quarter consolidated results. The company's consolidated net profit was down at Rs 813.89 crore versus Rs 1,325.05 crore.
Its consolidated net sales were up at Rs 33,191.01 crore versus Rs 31,898.54 crore.
Its profit before tax, PBT declined to Rs 691.7 crore versus Rs 2,027.8 crore. The tax writeback stood at Rs 40 crore as against expenses of Rs 716 crore. Inventory writedown stood at Rs 1,744 crore.
The company reported exchange loss of Rs 200.7 crore. Losses worth Rs 4256 crore on account of change in actuarial valuation of pension plans accounted in Balance Sheet.
Other income went down to Rs 31.6 crore versus Rs 175.8 crore (YoY).
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