Tata Steel Q2 profit rises 319% amid stake acquisition
after close1 source ↓written by the desknot a recommendation
- in consolidated net
- 319% increase
- for Q2 FY2025
- ₹3,183 crore
- in turnover
- 1.34% drop
- in turnover
- ₹53,178 crore
- acquisition
- ₹1,100 crore
Tata Steel reported a 319% increase in consolidated net profit to ₹3,183 crore for Q2 FY2025, despite a 1.34% drop in turnover to ₹53,178 crore. The board has approved a ₹1,100 crore acquisition of a 50% stake in Tata BlueScope Steel Private Ltd. This acquisition may strengthen Tata Steel's market position in the downstream segment.
• Indian business net profit rose 22% to ₹4,215 crore
• Turnover from India grew 12% to ₹34,787 crore
• Netherlands revenues at €1,551 million with €92 million EBITDA
• U.K. revenues at £505 million with a £66 million EBITDA loss
Immediate market implications may include increased investor confidence and potential stock price uplift.
Not investment advice. For informational purposes only.