The Mumbai-based steelmaker had clocked a net profit of Rs 1,254.33 crore in the year-ago period.
Its consolidated total income, however, fell 18 percent to Rs 29,304.69 crore in the July-September quarter this fiscal from Rs 35,777.11 crore in the same quarter of 2014-15, Tata Steel said in a BSE filing.
While, the company's Indian operations reported strong growth in production and deliveries in the September quarter, its European operations, particularly in the UK, significantly worsened as Britain continues to witness surge in imports and decline in competitiveness.
The underlying EBIDTA for the second quarter of 2015-16 increased by 14 percent to Rs 1,963 crore. Reported EBITDA for the quarter rose to Rs 4,771 crore, including a gain of Rs 2,808 crore on the sale of quoted investments, the firm said in a statement.

Tata Steel in the UK is facing a structurally challenging environment of weak domestic manufacturing demand, surging imports, a strong pound and steep regulatory and business
costs, it said.
Given the rapid and sharp deterioration in the underlying buisness environment in the UK, Tata Steel UK, an indirect subsidiary of Tata Steel has taken a non-cash impairment charge of the Strip and other businesses in the UK, it said.


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