Friday, April 26, 2019

Tata Steel profit plunges

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Tata Steel's net profit plunged by 84 per cent in the March quarter to Rs 2,295 crore against Rs 14,688 crore logged in the same period last year due to higher operational and finance costs.

Sales were up 24 per cent at Rs 41,186 crore.

The company has announced a dividend of Rs 13 a share on fully paid equity share and Rs 3.25 a share on partly paid equity share. 

The stock closed at Rs 511, in yesterday's trading.

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