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India’s Tata Steel bounces back to record profit in Q2 FY 2024-25

Thursday, 07 November 2024 14:55:32 (GMT+3)   |   Kolkata
       

India’s Tata Steel Limited has reported a net profit of INR 8.33 billion ($99.10 million) in the second quarter (July-September) of the fiscal year 2024-25, according to a company statement on Thursday, November 7.

The company had reported a net loss of INR 61.96 billion ($736.77 million) in the second quarter of the fiscal year 2023-24.

The company’s revenue from operations declined by three percent year on year during the quarter to INR 534.89 billion ($6.36 billion).


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