QUARTERLY LEDGER

August 2018 \ Business & Investment \ BUSINESS AND GOVERNANCE

Q1 Rs 1,934 crore profit

Tata Steel in August reported more than double the consolidated net profit at Rs 1,934 crore in the quarter ended June 30, as compared to Rs 921 crore in the year-ago period. Its consolidated revenue from operations during the quarter was at Rs 37,833 crore, up 22 per cent from Rs 30,973 crore in the corresponding period last year. Executive Director and CFO Koushik Chatterjee said: “The performance in this quarter has been very strong and the India operation delivered a stand-out performance.”