MUMBAI: Tata Steel reported a 65% decline in quarterly profit due to lower price realisations and one-time loss. Profit stood Rs 555 crore in the March quarter, down from Rs 1,566 crore a year ago. It reported a one-time loss of Rs 594 crore due to restructuring and impairment provisions related to surrendering a chromite mining block in India.
Profit was hurt by lower realisations across geographies.
