May 16, 2017 / 12:59 PM / in 2 months

India's Tata Steel reports Q4 loss on one-off charges

1 Min Read

MUMBAI, May 16 (Reuters) - India's Tata Steel Ltd reported a fourth-quarter net loss of 11.68 billion Indian rupees ($182.4 million) on Tuesday after one-off items including non-cash pension curtailment charges.

That compared with a net loss of 30.42 billion rupees in the same quarter a year ago.

Before exceptional items, consolidated net profit from continuing operations was 33.52 billion rupees for the three months to March 31, Tata Steel said in a statement, compared with a loss of 4.53 billion rupees a year earlier.

Consolidated revenue for the quarter rose about 30 percent from a year earlier to 350.05 billion rupees. ($1 = 64.0450 Indian rupees) (Reporting by Promit Mukherjee; editing by David Clarke)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below