Tata Steel Ltd consolidated Q2FY22 net profit soars to Rs. 11918.11 crores

Tata Steel Limited has reported Consolidated financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 60553.63 crores during the period ended September 30, 2021 as compared to Rs. 53534.04 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 11918.11 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 8906.95 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 99.08 for the period ended September 30, 2021 as compared to Rs. 74.13 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹ 60553.63 crs	₹53534.04 crs	13.11%
Net Profit	₹11918.11 crs	₹8906.95 crs	33.81%
EPS	₹99.08	₹74.13	33.66%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 60553.63 crores during the period ended September 30, 2021 as compared to Rs.39157.79 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.11918.11 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.1565.41 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.99.08 for the period ended September 30, 2021 as compared to Rs.13.23 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹ 60553.63 crs	₹39157.79 crs	54.64%
Net Profit	₹11918.11 crs	₹1565.41 crs	661.34%
EPS	₹99.08	₹13.23	648.90%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.114087.67 crores during the 6 Months period ended September 30, 2021 as compared to Rs.64820.22 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.20825.06 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.-2851.15 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.173.22 for the 6 Months period ended September 30, 2021 as compared to Rs.-25.78 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹114087.67 crs	₹64820.22 crs	76.01%
Net Profit	₹20825.06 crs	₹-2851.15 crs	830.41%
EPS	₹173.22	₹-25.78	771.92%

Shares of Tata Steel Limited was last trading in BSE at Rs. 1298.95 as compared to the previous close of Rs. 1298.55. The total number of shares traded during the day was 655932 in over 25676 trades.

The stock hit an intraday high of Rs. 1324.20 and intraday low of 1288.65. The net turnover during the day was Rs. 857757661.00.

Source : Equity Bulls

Keywords

TataSteel Q2FY22 H1FY22 ResultUpdate