Tata Steel posts Q4 net profit of Rs 6,593.54 cr
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The company reported standalone net profit during the quarter stood at Rs 6,593.54 crore compared to net loss of Rs 436.83 crore in the previous year quarter. Net revenue of the company rose substantially by 46.49 per cent at Rs 20,817.72 crore in January-March quarter of this fiscal as against Rs 14,211.43 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 13.75 per cent to Rs 12,014.80 crore from Rs 10,562.75 crore in year ago period. Other Income grew by 165.92 per cent at Rs 189.76 crore versus (Mar'20 Rs 71.36 crore). Operating Profit surged by 151.81 per cent to Rs 9,187.78 crore as against Rs 3,648.68 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 71.91 per cent in March quarter. Interest grew by 3.20 per cent y-o-y to Rs 829.71 crore, while Taxation increased by 446.01 per cent at Rs 1,862.60 crore (Mar'20 Rs 341.13 crore).
