You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Tata Steel BSL jumps after turnaround Q2 show

Capital Market 

Tata Steel BSL rose 3% to Rs 23.60 after the company posted a consolidated net profit of Rs 341.71 crore in Q2 September 2020, compared with net loss of Rs 243.97 crore in Q2 September 2019.

Tata Steel BSL, erstwhile Bhushan Steel, posted revenue of Rs 5187.30 crore in Q2 September 2020, a 20.31% increase over Rs 4,311.67 crore in Q2 September 2019. The result was announced after market hours yesterday, 14 October 2020.

The company's pre-tax profit (PBT) stood at Rs 342.02 crore in Q2 September 2020 compared with pre-tax loss of Rs 243.97 crore in Q2 September 2019. Total tax expense stood at 0.31 crore in Q2 September 2020.

Tata Steel BSL, a subsidiary of Tata Steel is the largest manufacturer of auto-grade steel in India. Shares of Tata Steel were up 0.81% at Rs 378.60 on BSE.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, October 15 2020. 10:24 IST