India`s Tata Steel Ltd posted a Sept-quarter profit, boosted by strong volume growth following the ramp-up of its Kalinganagar plant in India.

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Consolidated quarterly total steel deliveries were up 15 percent to 6.45 million tonnes, with Indian deliveries contributing about 48 percent of the total.

Net profit was 10.18 billion rupees ($156.93 million) in the quarter ending Sept. 30, missing analysts` estimates of a profit of 16.78 billion rupees. http://bit.ly/2xxynUt

The steelmaker had posted a loss of 493.8 million rupees for the same period a year earlier.

Deliveries from India operations grew 17 percent year-on-year to 3.08 million tonnes in the quarter.

Shares of Tata Steel closed 1.18 percent lower ahead of the results in a Mumbai market that gained 0.39 percent.($1 = 64.8700 Indian rupees)

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)