Tata Steel
has released its financial results for the second quarter of FY 2024-25, highlighting a slight dip in performance compared to the previous quarter. The company reported consolidated revenue from operations of ₹53,904 crore, showing a 1.6% decrease quarter-on-quarter from ₹54,772 crore in Q1FY25.
Key Financial Highlights (QoQ):
- Total Income: The total income for Q2FY25 was ₹54,503 crore, a marginal decline from ₹55,031 crore in the previous quarter (Q1FY25).
- Total Expenses: Total expenses for the quarter stood at ₹52,332 crore, slightly down from ₹52,389 crore in Q1FY25, reflecting consistent cost management.
- Profit Before Exceptional Items & Tax: Profit before exceptional items and tax decreased to ₹2,146 crore from ₹2,734 crore in Q1FY25.
- Net Profit: Net profit for Q2FY25 was ₹759 crore, compared to ₹918 crore in the prior quarter, indicating a sequential decline.
Additional Details:
- Exceptional items for the quarter had a net positive impact of ₹18 crore, compared to a loss of ₹358 crore in Q1FY25, driven by reduced restructuring costs and impairment provisions.
- Earnings per share (EPS) for the quarter were ₹0.67, down from ₹0.77 in the previous quarter.
Total Comprehensive Income: The total comprehensive income for Q2FY25 was ₹1,491 crore, compared to ₹1,094 crore in Q1FY25, reflecting a recovery in overall income metrics.
TOPICS:
Tata Steel