 "tata steel")
Shares of Tata Steel rose 3 per cent to Rs 499 on the BSE on Saturday after delivering strong results in India with broad based, market leading volume growth and strong cash flow generation during the September quarter (Q2FY21).
The company’s Ebitda (earnings before interest, taxes, depreciation, and amortization) from India operations surged 4.1 times quarter-on-quarter (QoQ) and 49 per cent year-on-year (YoY) to Rs 6,025 crore, driven by higher volumes, improved realizations and cost efficiencies.
In Q2FY21, the company’s consolidated Ebitda surged 10.4 times QoQ and 60 per cent YoY to Rs 6,217 crore while consolidated profit
The company’s Ebitda (earnings before interest, taxes, depreciation, and amortization) from India operations surged 4.1 times quarter-on-quarter (QoQ) and 49 per cent year-on-year (YoY) to Rs 6,025 crore, driven by higher volumes, improved realizations and cost efficiencies.
In Q2FY21, the company’s consolidated Ebitda surged 10.4 times QoQ and 60 per cent YoY to Rs 6,217 crore while consolidated profit
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