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Tata Steel Long Products Ltd Q2FY21 consolidated net profit at Rs. 59.06 crore



Posted On : 2020-10-13 21:28:26( TIMEZONE : IST )

Tata Steel Long Products Ltd Q2FY21 consolidated net profit at Rs. 59.06 crore

Tata Steel Long Products Ltd (formerly TATA SPONGE IRON LTD.) has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1201.52 crores during the period ended September 30, 2020 as compared to Rs.664.47 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.59.06 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.(131.31) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.13.10 for the period ended September 30, 2020 as compared to Rs.(29.12) for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 1201.52 crs₹ 664.47 crsUp Tick 80.82%
Net Profit₹ 59.06 crs₹ (131.31) crsUp Tick 144.98%
EPS₹ 13.10₹ (29.12)Up Tick 144.99%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.1201.52 crores during the period ended September 30, 2020 as compared to Rs.789.51 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.59.06 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.(196.88) crores for the period ended September 30, 2019.

The company has reported EPS of Rs.13.10 for the period ended September 30, 2020 as compared to Rs.(51.93) for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 1201.52 crs₹ 789.51 crsUp Tick 52.19%
Net Profit₹ 59.06 crs₹ (196.88) crsUp Tick 130%
EPS₹ 13.10₹ (51.93)Up Tick 125.23%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1865.99 crores during the 6 months period ended September 30, 2020 as compared to Rs.1535.29 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.(72.25) crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.(270.81) crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.(16.02) for the 6 months period ended September 30, 2020 as compared to Rs.(99.58) for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 1865.99 crs₹ 1535.29 crsUp Tick 21.54%
Net Profit₹ (72.25) crs₹ (270.81) crsDown Tick -73.32%
EPS₹ (16.02)₹(99.58)Down Tick -83.91%

Shares of Tata Steel Long Products Ltd (formerly TATA SPONGE IRON LTD.) was last trading in BSE at Rs.336 as compared to the previous close of Rs. 336.45. The total number of shares traded during the day was 1829 in over 241 trades.

The stock hit an intraday high of Rs. 337.75 and intraday low of 323.4. The net turnover during the day was Rs. 602170.

Source : Equity Bulls

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