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Tata Steel Q2 Results: Tata Steel Swings To ₹833 Cr Profit From ₹6,196 Cr Loss YoY

Tata Steel Q2 Results: Tata Steel Swings To ₹833 Cr Profit From ₹6,196 Cr Loss YoY

Siddharth Zarabi
Siddharth Zarabi
  • New Delhi ,
  • Nov 7, 2024,
  • Updated Nov 7, 2024, 3:41 PM IST

 

Tata Steel Ltd on Wednesday reported a consolidated net profit of Rs 833.45 crore in the September 2024 (Q2 FY25) quarter as against a loss of Rs 6,196.24 crore in the year-ago period. The company's revenue from operations fell 3.19 per cent to Rs 53,904.71 crore in Q2 FY25 from Rs 55,681.93 crore in the corresponding period last year. During the quarter under review, total expenses slipped to Rs 52,331.58 crore compared to Rs 55,853.35 crore in the September 2023 quarter. Tata Steel's India business revenues fell to Rs 32,399.48 crore in Q2 FY25. Although, the company received some support from revenue of Tata Steel Europe for the July-September 2024 quarter. Europe operations are the second-largest revenue generator for the Indian steelmaker. Watch TV Narendran, CEO & MD of Tata Steel, in conversation with Business Today TV Managing Editor, Siddharth Zarabi.

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