27 May 2019 | 12:19 AM

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COMPANYNEWS
Tata Steel BSL posts Q4 net loss of Rs 212.36 cr
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Published on 04-18-2019
The company reported standalone net loss during the quarter stood at Rs 212.36 crore as compared to net loss of Rs 21252.91 crore in the previous year quarter.


Net revenue of the company rose moderately by 19.82 per cent at Rs 5136.40 crore in January-March quarter of this fiscal as against Rs 4286.62 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 26.76 per cent to Rs 4731.51 crore from Rs 3732.71 crore in year ago period.


Other Income dipped by 56.27 per cent at Rs 30.21 crore versus (Mar`18 Rs 69.08 crore).


Operating Profit surged by 2.98 per cent to Rs 785.99 crore as against Rs 763.27 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 14.09 per cent in March quarter.


Interest declined by 57.08 per cent y-o-y to Rs 740.81 crore