Tata Steel slips into red; reports Rs 6,511 crore net loss in Sep quarterNew Delhi, Nov 1

It had clocked Rs 1,297.06 crore net profit in the year-ago period, the company said in a regulatory filing. The companys total income declined to Rs 55,910.16 crore from Rs 60,206.78 crore in the year-ago quarter. Its expenses stood at Rs 55,853.35 crore in the quarter under review against Rs 57,684.09 crore a year ago.

Tata Steel on Wednesday reported a consolidated net loss of Rs 6,511.16 crore in the second quarter ended September. It had clocked Rs 1,297.06 crore net profit in the year-ago period, the company said in a regulatory filing. The company's total income declined to Rs 55,910.16 crore from Rs 60,206.78 crore in the year-ago quarter. Its expenses stood at Rs 55,853.35 crore in the quarter under review against Rs 57,684.09 crore a year ago.