Tata Steel on Wednesday reported a net profit of Rs 758.84 crore for the September 2024 quarter, helped by lower expenses.
It had posted a net loss of Rs 6,511.16 crore in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income, however, fell to Rs 54,503.30 crore during the second quarter against Rs 55,910.16 crore in the same period a year ago.
Tata Steel reduced its expenses to Rs 52,331.58 crore from Rs 55,853.35 crore in the year-ago quarter. In a separate statement, Tata Steel CEO and MD TV Narendran said the global operating environment remained complex, with key regions facing subdued growth.
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