Tata Steel BSL on Thursday reported a consolidated net profit of Rs 111.05 crore for the first quarter ended June 30.
The company, which was acquired by Tata Steel Ltd in May 2018, had clocked a net profit of Rs 2,104.28 crore in the same quarter last fiscal.
The consolidated figures for the current quarter include financial results of Bhushan Energy Ltd (BEL), which was a subsidiary of Bhushan Steel, and hence not comparable with previous periods, Tata Steel BSL said in a BSE filing.
Bhushan Steel Ltd (BSL) was acquired by Tata Steel through its wholly-owned subsidiary Bamnipal Steel Ltd (BNPL) and