MUMBAI: Tata Steel reported a 65% decline in quarterly profit due to cheaper price realisations and one-time loss. Profit stood Rs 555 crore within the March quarter, down from Rs 1,566 crore a 12 months in the past. It reported a one-time lack of Rs 594 crore due to restructuring and impairment provisions associated to surrendering a chromite mining block in India.
Profit was harm by decrease realisations throughout geographies.
