InvestorQ : How were the Tata Steel results for the Sep-21 quarter?
Aashna Tripathi made post

How were the Tata Steel results for the Sep-21 quarter?

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Aditi Sharma answered.
4 weeks ago
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Tata Steel reported stellar results for the Sep-21 quarter. In terms of bottom line, it reported net profits at a record level of Rs.11,918 crore, marking a 7-fold increase on a yoy basis. For the quarter, the top line sales revenues were up by 55% at Rs.60,282 crore. The boost to the top line came from higher volumes and robust steel prices.

For the quarter, Tata Steel reported EBITDA of growth of 12% as higher material and logistics costs put pressure on the bottom line. This has been the case with most metal stocks. For the India related steel business, the crude steel production in the second quarter increased 3% to 4.73 MT while deliveries increased by 11% at 4.58 MT.

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