(Reuters) – India’s Tata Steel Ltd noted a lessen than anticipated next-quarter financial gain, the business explained on Monday.
Web financial gain was 10.18 billion rupees ($156.93 million) in the quarter ending Sept. 30 as opposed with a decline of 493.8 million rupees a yr earlier, the steel-maker explained. bit.ly/2xxynUt
Analysts on regular experienced anticipated a financial gain of 16.78 billion rupees, in accordance to Thomson Reuters info.
($1 = 64.8700 Indian rupees)
Reporting by Vishal Sridhar in Bengaluru, editing by Louise Heavens