Wednesday, January 27

Tata Steel BSL Q2 results: Posts net profit of Rs 341.71 cr

NEW DELHI: Tata Steel BSL on Wednesday posted a consolidated net profit of Rs 341.71 crore for the quarter ended September 2020, helped by higher income. The company had reported a loss of Rs 243.97 crore during the same period a year-ago, Tata Steel BSL said in a BSE filing.

During July-September 2020, its total income jumped to Rs 5,545.35 crore, from Rs 4,567.98 crore in the year-ago quarter.

Total expenses climbed to Rs 5,203.33 crore as compared to Rs 4,811.95 crore earlier.

In May 2018, debt-laden Bhushan Steel Ltd (BSL) was acquired by Tata Steel through its wholly-owned subsidiary Bamnipal Steel Ltd (BNPL) in insolvency proceedings. It was later renamed as Tata Steel BSL.

Credit: Stocks-Markets-Economic Times

Leave a Reply

Your email address will not be published. Required fields are marked *