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Tata Steel Q3 net soars 155% to Rs 1,191 cr

Tata Steel, India largest private steel producing company reported a higher than market estimate net profit at Rs 1,191 crore, a growth of 155 per cent for the quarter ended December 31, 2009 as compared to a profit of Rs 466 crore posted during the same quarter a year earlier. - Come into my parlour - High and mighty - Cooperative banks in Hry to provide loans of Rs 8,600 cr - Retail recovery still some time away - Narayan Ramachandran to resign as Morgan Stanley country head - Crompton Greaves jumps on bonus issue Total income of the company for the reporting quarter grew by 37.66 per cent to Rs 6,638 crore as against Rs 4,822 crore recorded in the corresponding period a year ago. Total expenditure of the company grew by 25 per cent to Rs 4,480 crore as against Rs 3,586 crore, the company stated in a release sent to the Bombay Stock Exchange. The company"s stocks were trading at Rs 579.20, down 3.67 per cent, at 1500 hrs at BSE.

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