(From left to right) Koushik Chatterjee, CFO, Tata Steel and Karl Ulrich Kohler, MD & CEO, Tata Steel Europe at the announcement of the company's second quarter results in Mumbai (pic: Suryakant Niwate)
Last Updated : Nov 12 2014 | 6:03 PM IST
Steel manufacturer Tata Steel reported a 37% growth in net profit at Rs 1,254 crore for the quarter ending September 2014. It was Rs 917 crore in the same period a year ago.
However, net sales dropped 2% to Rs 35,503 crore as against Rs 36,369 crore in September 2013.
During the quarter under review the company made a one-time gain of Rs 1,147 crore on account of completion of sale of land in Mumbai.
On Wednesday, the company's stocks on BSE clossed 2.4% lower at Rs 468.3 apiece.
First Published: Nov 12 2014 | 4:27 PM IST
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