 "Tata Steel Q2 net profit jumps over three-fold to Rs 31 bn on strong sales")
Tata Steel Ltd reported a more than three-fold rise in second-quarter net profit on Tuesday, handily beating market estimates, helped by strong sales in India.
Net profit came in at Rs 31.16 billion ($428.79 million) in its fiscal second quarter ended September 30 from Rs 10.18 billion a year earlier, the company said in a statement.
Thirteen analysts on an average had expected the Mumbai-based firm to post a profit of Rs 22.47 billion, according to data from Refinitiv.
Total revenue from operations rose 34.1 per cent to Rs 435.44 billion.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app