The world's sixth largest steel manufacturer Tata Steel on Monday posted 28.18 per cent increase in net profit at Rs 1,222.11 crore for the quarter ended June 30 compared to Rs 953.41 crore for the corresponding quarter last year.
Total income (net of excise) of the company increased 9.21 per cent to Rs 4,343.70 crore for the quarter ended June 30, from Rs 3,977.38 crore a year ago, Tata Steel informed the Bombay Stock Exchange (BSE).
Shares of the company were trading at Rs 645, down 1.01 per cent on the BSE.
