13
Aug
11:58
Tata posts record profit on higher output, deliveries
Tata Steel consolidated profit after tax soared 36.4% on-quarter to INR 9,768.34 crores ($1.31 billion) in the first fiscal quarter.
The company’s standalone-India profit after tax clocked at INR 9,593 crore in FQ1 and Ebitda was noted at INR 13,946 crore, Kallanish notes.
“Indian markets were adversely impacted again during the last quarter due to the second wave of Covid-19, which impacted our steel production as well as deliveries,” says Tata…
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Anonymous
Very good overview of the weekly steel market.
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