Tata Steel’s Q2 profit rises to ₹12,547 crore

Its net profit was ₹1,665.07 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

Domestic steel giant Tata Steel on Thursday said its consolidated net profit jumped manifold to ₹12,547.70 crore in the July-September quarter, helped by higher earnings.

Tata Steel said in a BSE filing that the net profit stood at ₹ 1,665.07 crore in the corresponding quarter of the previous fiscal.

Its total income during July-September 2021 was ₹60,553.63 crore as against ₹39,157.79 crore in the year-ago period.

The total expenditure in July-September was ₹47,135.28 crore, as against ₹37,000.28 crore a year ago.

Tata Steel is one of the top steel companies in the world with an annual crude steel capacity of 33 million tonnes per annum.

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