Tata Steel clocks net profit of Rs 503 cr in Q3

Tata Steel today reported Rs 503.24 crore consolidated net profit for the October-December backed by a 14 per cent rise in total income.
The company had clocked Rs 763.06 crore net loss in the corresponding quarter last fiscal.
Total income of the company rose over 14 per cent to Rs 36,736 crore from Rs 32,107 crore a year ago, it said in a BSE filing.
Total expenditure also went up to Rs 34,251 crore from Rs 31,331 crore a year earlier.
Finance costs of the company also inched up to Rs 1,108 crore from Rs 1,032 crore a year earlier.