💨 Abstract

Tata Steel reported a Q2 profit of 8.33 billion rupees, surpassing analyst estimates, due to lower costs and increased sales volumes in India and Netherlands, despite a steep steel price drop. The company's Netherlands operations showed a core profit of 17.85 billion rupees, a significant improvement from a loss the previous year. Overall core profit margins rose to 12%, while input costs fell 1.4%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖