Tata Steel quarter 1 net up by 3 per cent

New Delhi, Jul 21: Tata Steel today posted a 3 per cent increase in its net profit at Rs 953.4 crore for first quarter ended June 30, 2006 as compared to Rs 924.11 crore in the corresponding period last year.

The total income rose by 11 per cent from Rs 3,587.39 crore in Q1FY06 to Rs 3,993.78 crore for Q1FY07.

However, the group reported consolidated profits after minority interest and share of profits of associates at Rs 1,019.18 crore, an increase by 3 per cent, for the quarter ended June 30, 2006 as compared to Rs 985.32 crore for the quarter ended June 30, 2005.

Total Income of the group increased by 18 per cent from Rs 4,916.45 crore in Q1FY06 to Rs 5,843.28 crore for Q1FY07.

UNI