Tata Steel Q2 Results 2024 Report: the results going to be released in Novemeber 2023. After the announcement of Tata Steel Q2 results share price is surging higher. It is the leading company in the steel industry in India. Currently, the share is traded at the level of Rs 120. The company declares the q2 results date. We will add the earnings, net profit, and sales report of the company. All the details and information are available here with major announcements. Till now so many companies released their financial results of quarter 2 Fiscal Period 2024.
Tata Steel Q2 Results FY24 Fiscal Period
Recently, the UK government signed a deal with Tata Steel and this was a 1.25 Billion Pound deal. It was a huge deal after the success of the G20 Summit in India. Also, the Indian government supports the steel industry by taking several measures to promote the export of steel. In the quarter 1 results company announced a 93% fall in revenue.
In the previous quarter, Tata Steel posted Rs 7,714 crore net profit in the corresponding period of 2022-23, according to a company filing to exchanges. Total income also declined to Rs 60,666.48 crore from Rs 63,698.15 crore in the year-ago quarter, a fall of 4.75%. Due to this report, the share price fell and lost the bullish momentum during that time.
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Tata Steel Q2 Results FY 2024 is going to be declared on the official website of the company. However, the result will be updated here with a complete financial report of the last quarter July 2023 to September 2023. It will be released in the first week of November 2023.
This time shareholders are expecting a positive financial report from the company. The share price has surged higher for the past few days and looking strong with technicals. If the results go well, it will surge Tata Steel share price to break the upcoming resistance. Read other company’s financial reports on our website. Also, if you want the report of any other company in a different sector do let us know in the comment section. We will give an accurate update regarding your query. Read more latest business news on our website.