Tata Steel has posted a net profit for the full year (ending Mar 11) of the current fiscal (FY11). The company registered a net profit of Rs 5,347 crore in comparison to Rs 1,825 crores net profit in the same period (ending Mar 10) of previous year(FY10). The profit is also boosted by mainly one-time gain after sale of stakes in Australian mining firm Riversdale and Tata Refractories. Tata Steel is one of the world’s largest steel producer.
The company informed the market(BSE) that the total income / sales rose by 22% to Rs 32,840 crore during the quarter under review, compared to Rs 27,010.06 crore of corresponding last year.
It added that in the April-June quarter, the company realised Rs 4,942 crore (AUD 1,060 million) by selling its entire 26% stake in the Riversdale to Rio Tinto.
Share’s Data :
BSE Code : 500470
Mkt. Cap: Rs 45,691.49 Crores
Tata Steel Ltd share’s CMP is Rs 476.35 on 12th Aug 2011.
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