Tata group The legendary company Tata Steel released its financial results on Wednesday. Tata Steel said in the information to the stock market that his net profit exceeded double in the first quarter of FY 2025-26 to Rs 2007.36 crore. The company said that reduced expenditure helped increase profits. Let us tell you that Tata Steel had a net profit of Rs 918.57 crore in the first quarter of FY 2024-25. The company said in the information to the stock market that its total income was reduced to Rs 53,466.79 crore in the first quarter of the current financial year, which was Rs 55,031.30 crore in the same period a year ago.
Company’s expenses reduced in the first quarter of the current financial year
During this period, the cost of Tata Steel declined to Rs 50,347.31 crore, which was Rs 52,389.06 crore in the same quarter of the last financial year. The cost of the material consumed by the company was Rs 18,028.08 crore in the June quarter, which was Rs 20,642.17 crore in the April-June quarter of the previous financial year. Tata Steel’s income from India declined to Rs 31,014.36 crore in the first quarter, which was Rs 32,957.89 crore in the same quarter a year ago.
Decline recorded in Tata Steel shares on Wednesday
However, on Wednesday, Tata Steel shares have seen a decline. Today, Tata Steel shares on BSE closed at Rs 161.35 with a decline of Rs 0.35 (0.22%). Today, during the trading, Tata Steel shares reached Intrade High of Rs 162.85 to Intrade Low of Rs 161.05. However, the current price of the company’s shares is close to its 52 weeks high. The 52 week high of Tata Steel shares is Rs 170.20, while its 52 week is Rs 122.60. According to BSE data, the current market cap of Tata Steel is Rs 2,01,420.35 crore.
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