Tata Steel Q1 2024-25 results: Net profit rises 75.01%, revenue down 7.93%

Tata Steel recorded a 75.01% rise in consolidated net profit for Q1 2024-25

Published on: Jul 31, 2024, 19:11:39 IST

By Abhyjith K. Ashokan

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Tata Steel Ltd has released its first quarter results for the financial year 2024-25 on Wednesday, July 31, 2024.

Tata Steel recorded a 75% rise in net profit (Bloomberg)

What was Tata Steel's net profit and revenue?

Tata Steel recorded a 75.01% rise in consolidated net profit. It was ₹918.57 crore, or an increase of ₹393.72 crore over ₹524.85 crore seen in Q1 2023-24.

The company's revenue on the other hand, fell by 7.93% or by ₹4,718.27 crore to ₹54,771.39 crore from ₹59,489.66 crore earlier.

How did Tata Steel shares perform?

Tata Steel shares closed at ₹165.35 on the Bombay Stock Exchange (BSE) after the trading session on Wednesday, July 31, 2024. This was a gain of 0.79% or 1.30 points from the previous close.

ABOUT THE AUTHOR
Abhyjith K. Ashokan
Deeply passionate about writing, Abhyjith works as a business journalist covering corporates, markets, the economy, and policy - forces that in many ways, shape the world and pave the path for intriguing storytelling. For him, breaking news is a high that only gets matched by the adventures of the open road; both of which he deems essential to what matters at the end of the day. The story.Read More

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