Latest News | Tata Steel BSL Posts Rs 2,478-cr Net Profit for Jun Qtr

New Delhi, Aug 4 (PTI) Tata Steel BSL Ltd on Wednesday returned to the black, posting a consolidated net profit of Rs 2,478 crore in the quarter ended June 30.

The company had clocked a Rs 650-crore net loss in the April-June quarter of the previous financial year 2020-21, Tata Steel BSL said in a BSE filing.

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Its total income during April-June 2021 jumped to Rs 7,884 crore, from Rs 2,710 crore in the year-ago period.

Total expenses stood at Rs 5,405 crore, compared with Rs 3,360 crore a year ago.

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In 2018, Tata Steel had acquired a controlling stake in Bhushan Steel Ltd (BSL). It was later renamed as Tata Steel BSL Ltd. HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)