Total saleable steel to be 5.8 MT for FY09: Tata Steel

Tata Steel has announced its its first quarter results. The company's Q1 standalone net profit was up 21.78% at Rs 1488.40 versus Rs 1222.11 crore,. Its operating profit was at Rs 3024.6 crore versus Rs 1699.2 crore. Its OPM were at 49% versus 40.5%. Its net sales were up 46.87% at Rs 6165.03 crore versus Rs 4197.58 crore,