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Tata Steel BSL reports over 5- fold jump in Q2 consolidated net profit

20 Oct 2021 Evaluate

Tata Steel BSL has reported results for second quarter ended September 30, 2021.

The company has reported over 5- fold jump in its net profit at Rs 1809.59 crore for the quarter under review as compared to net profit of Rs 328.08 crore for the same quarter in the previous year. Total income of the company increased by 50.06% at Rs 8332.36 crore for Q2FY22 as compared Rs 5552.79 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 5- fold jump in its net profit attributable to owners of Rs 1837.03 crore for the quarter under review as against net profit of Rs 341.71 crore for the same quarter in the previous year. Total income of the company increased by 50.21% at Rs 8329.68 crore for Q2FY22 as compared Rs 5545.35 crore for the corresponding quarter previous year.

Peers
Company Name CMP
JSW Steel 1187.00
Tata Steel 167.25
Steel Authority 165.00
Jindal Stainless 688.40
APL Apollo Tubes 2021.00
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