India`s Tata Steel Ltd reported a lower than expected second-quarter profit, the company said on Monday.
Net profit was 10.18 billion rupees ($156.93 million) in the quarter ending Sept. 30 compared with a loss of 493.8 million rupees a year earlier, the steel-maker said. http://bit.ly/2xxynUt
Analysts on average had expected a profit of 16.78 billion rupees, according to Thomson Reuters data.
($1 = 64.8700 Indian rupees)
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.