Tata Steel said its net loss for the quarter ended March 2017 has narrowed to Rs 11,680.00. During the quarter, the in the same quarter last year.
Revenues for the quarter rose 30.38% to Rs 354,571.00 million, compared with Rs 271,946 million for the prior year period.
Operating margin for the quarter stood at 16.68 percent as compared to 5.08 percent for the previous year period. Operating Income for the quarter was Rs 59,142.60 million, compared with Rs 13816.5 million in the previous year period.
Earnings per share stood negative at Rs 12.48 compared with negative Rs 31.80 in the same quarter last year.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Mar - 17 | Mar - 16 | %Change |
| Revenues | 354,571.00 | 271,946.00 | 30.38 |
| Net Profit | (11,680.00) | (30,419.00) | - |
| Diluted EPS | (12.48) | (31.80) | - |
Shares of the company gained Rs 20.6, or 4.51%, to trade at Rs 477.60. The total volume of shares traded was 1,388,584 at the BSE (10.12 a.m., Wednesday).
