Tata Steel has posted a dip of as much as 90% in its consolidated net profit, at Rs 433.46 crore, for the last quarter of FY12. The corresponding profit figure for the same quarter a year ago was Rs 4,175.60 crore.
Tata Steel's total income rose from Rs 34,188 crore for the quarter ended March 31, 2011 to Rs 34,220.59 crore for the period under review.
The company also declared its audited consolidated results for the Year ended March 31, 2012.
The Group posted a net profit after taxes, minority interest & share of associates of Rs 5,389.77 crore for the year ended March 31, 2012, compared with Rs 8,982.69 crore for the same quarter in 2011.
The firm's total income rose from Rs 1,19,433.10 crore for the year ended March 31, 2011 to Rs 1,34,472.73 crore for the year ended March 31, 2012.