Tata Steel BSL Ltd on Wednesday returned to the black, posting a consolidated net profit of Rs 2,478 crore in the quarter ended June 30.
The company had clocked a Rs 650-crore net loss in the April-June quarter of the previous financial year 2020-21, Tata Steel BSL said in a BSE filing.
Its total income during April-June 2021 jumped to Rs 7,884 crore, from Rs 2,710 crore in the year-ago period.
Total expenses stood at Rs 5,405 crore, compared with Rs 3,360 crore a year ago.
In 2018, Tata Steel had acquired a controlling stake in Bhushan Steel Ltd (BSL). It was later renamed as Tata Steel BSL Ltd.
