ResultsCNBC-TV18
Tata Steel Q2 profit rises 16%, beats estimates
GreyOak summary
Tata Steel reported a 16.2% rise in Q2 net profit to ₹3,700 crore, surpassing estimates due to strong domestic volumes. India anchored performance with a 25% margin, while the automotive vertical achieved record volumes. Overseas operations showed mixed results, with the UK posting an EBITDA loss.
What it affects
- Tata SteelTATASTEELPositive +26
Profit rose 16% to beat estimatesRolling sentiment Positive +43
- AutoPositive +14
Auto vertical volumes hit record highsRolling sentiment Positive +28
Source
Read the original at CNBC-TV18More Tata Steel news
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