Steel maker's net profit came in at Rs 921 crore or $144.37 million in quarter ended June 30.
The company's aim is to make European business stronger for which it will continue to explore various business options including merger, said Tata Steel Managing Director TV Narendran.
Mumbai: Tata Steel Ltd swung to a first-quarter profit from a loss a year ago, as sales volumes were boosted by the ramp-up of its Kalinganagar plant.
The steel maker's net profit came in at 9.21 billion rupees ($144.37 million) in the quarter ended June 30, compared to a loss of 31.83 billion rupees a year earlier.
Analysts on average had expected a net profit of 10.43 billion rupees, according to Thomson Reuters data.
Next Story