TATA Steel Q2 Results FY 2024-25: Tata Steel's net profit for the second quarter ended September of the current financial year 2024-25 was Rs 758.84 crore. The company has returned to profit due to reduced expenses. The company gave this information to the stock markets. In the July-September quarter of the last financial year, the company had a net loss of Rs 6,511.16 crore.

The company's total income declined to Rs 54,503.30 crore during the period under review from Rs 55,910.16 crore in the same period a year ago. Tata Steel's expenses declined to Rs 52,331.58 crore from Rs 55,853.35 crore on an annual basis.

Jindal Steel and Power

The consolidated net profit of Jindal Steel and Power Limited (JSPL) fell 38 percent to Rs 860 crore in the July-September quarter of the current financial year. The company's net profit was Rs 1,390 crore in the same quarter of the previous financial year. In a notice given to the stock market on Wednesday, JSPL said that its total income declined to Rs 13,025 crore in the September quarter this year, from Rs 14,128 crore in the same quarter of the previous financial year.

The company's steel production increased to 19.7 lakh tonnes in the July-September quarter from 19 lakh tonnes in the same quarter of the previous fiscal. The company's sales stood at 18.9 lakh tonnes in the quarter under review, compared to 20.1 lakh tonnes in the same quarter of the previous fiscal. The company said that its net debt as of September 30 was Rs 12,464 crore. The total capital expenditure for the September quarter was Rs 2,642 crore. A large part of this was spent on expansion projects in Angul.