October 30, 2017 / 1:10 PM / 19 days ago

Tata Steel reports Q2 profit below expectations

Oct 30 (Reuters) - India’s Tata Steel Ltd reported a lower than expected second-quarter profit, the company said on Monday.

Net profit was 10.18 billion rupees ($156.93 million) in the quarter ending Sept. 30 compared with a loss of 493.8 million rupees a year earlier, the steel-maker said. bit.ly/2xxynUt

Analysts on average had expected a profit of 16.78 billion rupees, according to Thomson Reuters data. ($1 = 64.8700 Indian rupees) (Reporting by Vishal Sridhar in Bengaluru, editing by Louise Heavens)

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