The largest Indian private steel producer
Tata steel announced on Monday, October 30, that its second quarter 2006 net profit increased 5.3 percent to Rupees 11 billion ($244 million) against Rupees 10 billion ($222 million) recorded in the second quarter of 2005.
The company's net sales registered a 7.5 percent increase to Rupees 47 billion ($1.04 billion) during the same period.
The total income (net of excise) rose by 18.33% year on year to Rupees 61.7 billion ($1.4 billion) for the quarter ended September 30, 2006.