Tata Steel Q4 profit at Rs14,688 crore

Tata Steel shares closed at Rs622.05 a scrip on the BSE, down 0.32% from the previous close. Photo: Reuters

Tata Steel shares closed at Rs622.05 a scrip on the BSE, down 0.32% from the previous close. Photo: Reuters

Bengaluru: Tata Steel Ltd on Wednesday posted a net profit of Rs14,688 crore ($2.17 billion) for the quarter ended 31 March, aided by a one-time gain.

The Indian steelmaker saw an exceptional gain of Rs11,376 crore in the quarter, which included a gain from the restructuring of its UK pension scheme.

The company had a loss of Rs1,168 crore a year earlier, it said.

The shares of the company closed at Rs622.05 a scrip on the BSE, down 0.32% from the previous close.

First Published: Wed, May 16 2018. 06 43 PM IST

Source: Livemint