Tata Steel, India largest private steel producing company reported a higher than market estimate net profit at Rs 1,191 crore, a growth of 155 per cent for the quarter ended December 31, 2009 as compared to a profit of Rs 466 crore posted during the same quarter a year earlier.
Total income of the company for the reporting quarter grew by 37.66 per cent to Rs 6,638 crore as against Rs 4,822 crore recorded in the corresponding period a year ago.
Total expenditure of the company grew by 25 per cent to Rs 4,480 crore as against Rs 3,586 crore, the company stated in a release sent to the Bombay Stock Exchange.
The company's stocks were trading at Rs 579.20, down 3.67 per cent, at 1500 hrs at BSE.
