ResultsFinancial Express
Tata Steel Q2 PAT up 16.24%; beats estimates
GreyOak summary
Tata Steel reported a 16.24% increase in Q2 net profit to ₹3,700 crore, beating estimates. Revenue rose 11.5% to ₹65,436 crore driven by strong India volumes. Ebitda margin reached 16% with a target cost take-out of ₹7,000 crore for the fiscal year.
What it affects
- Tata SteelTATASTEELPositive +29
Q2 profit rose 16.24% to ₹3,700 crore.Rolling sentiment Positive +43
Source
Read the original at Financial ExpressMore Tata Steel news
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