Tata Steel BSL on Tuesday reported its consolidated net profit for the quarter of September 2021 to Rs 1,837.03 crore, a fivefold increase, mainly due to higher revenue.
In a BSE filing, the company said it made a net profit of 341.71 crore in the corresponding period of the 2020-21 fiscal year.
In the period July-September 2021, its total revenue increased to 8,329.68 crore from Rs 5,545.35 in the previous year.
The company's expenses totaled £6,492.97 rupees against Rs 5,203.33 in the quarter of the previous year.
On May 18, 2018, Tata Steel acquired Bhushan Steel Ltd through its wholly owned subsidiary Bamnipal Steel Ltd. Later, the company changed its name to Tata Steel BSL Ltd.
Tata Steel BSL is India's fifth largest secondary steel producer with a current steel production capacity of 5.2 million tons per year.
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