The company’s total income increased to Rs 7348.66 crore in the fourth quarter of 2020-21 from Rs 4288.87 crore in the same quarter a year ago.
The company’s net profit for the March quarter stood at 1913 crores.
Tata Steel BSL (TATA Steel Bhushan Steel Ltd) released the results for the March quarter on Wednesday. The company’s profit has increased manifold in this quarter. The consolidated net profit of the company stood at 1913.73 crore in the March quarter. The company’s net profit in the March quarter of 2020 was just Rs 5.93 crore. This year, there has been a historic jump of 31766 percent on an annual basis.
It is being said that the company’s profit has increased due to increase in income of the company. The company’s total income increased to Rs 7348.66 crore in the fourth quarter of 2020-21 from Rs 4288.87 crore in the same quarter a year ago. Tata Steel acquired a controlling stake in Bhushan Steel Limited (BSL) in 2018. Later it was renamed as Tata Steel BSL Limited. Tata Steel BSL stock has done well in the last one year.
Share of the company at the level of 60 rupees
At this time, the company’s stock has reached near 52-week high. At 2.30 pm, the company’s stock was seeing a gain of 4.45 per cent and its stock was trading at Rs 60.20 with a gain of Rs 2.60. The 52-week minimum level is Rs 16.10 and the highest level is Rs 62. The market cap of the company is 6571 crores. In the last one month, the stock has given 26 per cent, 47 per cent in three months and more than 260 per cent in one year.
The promoter’s share in this company is 72.65 percent. DII’s share is 6.45 per cent and Public’s 19.80 per cent. It is the smallest company in its Pearce Group. If we look at the performance of last one year, among the companies, JSW Steel has given 298%, Tata Steel 244%, Hindalco 230%, Jindal Steel has given 420%.
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