On Monday, Tata Steel has posted a consolidated loss of Rs 3,183 crore for the June quarter.

The company had posted a net profit of Rs 317 crore for the same quarter a year ago.

It has said that the gross debt for the quarter stood at Rs 81, 975 crore. Net debt at Rs 75,259 crore was Rs 4,171 crore higher than the previous year period.

According to the company its European operations reported an Ebitda of Rs 856 crore for the quarter as compared with a loss of Rs 578 crore during the year-ago quarter.

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