Tata Steel reported a profit after tax (PAT) of Rs 12,548 crore, a 7.5-fold jump from Rs 1,665 crore

TATASTEEL

Tata Steel share price rose over 3 percent on November 12 a day after the company had reported robust numbers for the quarter ended in September.

On November 11, Tata Steel reported a profit after tax (PAT) of Rs 12,548 crore, a 7.5-fold jump from Rs 1,665 crore in the corresponding quarter last year and by 28 percent from Rs 9,768 crore in the previous quarter.

The consolidated revenues at Rs 60,282.8 crore climbed up 55 percent from Rs 38,940 crore recorded in the corresponding quarter last year. On a q-o-q basis, revenues increased by 13 percent from Rs 53,372 crore reported in the previous quarter.

News Source: MoneyControl

 

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