Tata Steel reports consolidated results - First quarter of Financial Year 2010-11

Tata Steel Limited declared its consolidated results for the quarter ended June 30, 2010. Group performance highlights are: Tata Steel Group during the first quarter of the financial year 2010-11 (Q1 FY'11) recorded Profit after tax (after minority interest and share of profit of associates) of US$393 million compared to a Loss of US$476 million in Q1 FY'10, an improvement of US$869 million. Group Ebitda in Q1 FY'11 was US$975 million compared to US$44 million in Q1 FY'10, an improvement of US$931 million. The return to robust Ebitda levels was attributable mainly to the significant turnaround in the financial performance of the European operations and a much improved financial performance in India.

© 2009 Verlag Stahleisen GmbH