Tata Steel Q2 net profit jumps manifold to Rs 12,547 crore

NEW DELHI: Domestic steel giant Tata Steel on Thursday said its consolidated net profit jumped manifold to Rs 12,547.70 crore in the July-September quarter of 2021-22, helped by higher income. The company’s net profit was at Rs 1,665.07 crore in the corresponding quarter of the previous financial year, Tata Steel said in a BSE filing. Its total income during July-September 2021 stood at Rs 60,553.63 crore against Rs 39,157.79 crore in the year-ago period. The firm’s total expenses were at Rs 47,135.28 crore in July-September 2021 against Rs 37,000.28 crore a year ago. Tata Steel is among the top steel companies in the world with an annual crude steel capacity of 33 million tonnes per annum.

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