The only company of Tata Group has given strong profits to the investors.
In the fourth quarter of the financial year 2020-21, Tata Steel’s profit exceeded Rs 27,800 crore. With this, the company’s share price reached its all-time high on 6 May 2021 in the stock market.
New Delhi. Even in the midst of the Corona crisis, a Tata group company gave strong profits to investors during the financial year 2020-21. In fact, Tata Steel reported a profit of over Rs 27,800 crore in the January-March 2021 quarter. On 6 May 2021, the company’s shares rose more than 5 percent in the stock market due to the excellent results and its price reached the highest level. Shares of Tata Steel opened at Rs 1055 apiece on the Bombay Stock Exchange (BSE), but the company’s stock rose more than 7 percent after that. With this, the company’s shares reached a 52-week high of Rs 1,129. However, the company’s shares later gained 3.07 per cent to close at Rs 1,103. Tata Steel gives 157% profit in last 6 months Tata Steel shares have given more than 157% profit to investors in the last 6 months. At the same time, the company’s stock has registered a rise of 299 per cent in a year. Last year, on May 7, 2020, the company’s share price was Rs 276, which has now risen to Rs 1103, that is, the company has given 300 per cent profit to investors in 1 year. Tata Steel delivered 17.31 million tonnes of steel in the fourth quarter, up from 16.97 million tonnes in the year-ago period. Not only this, in the fourth quarter of FY 2021, the company has achieved the best EBITDA. Before tax and other deductions, the company’s total profit was Rs 12,295 crore, which means EBITDA increased by 40 percent. read this also- ‘Big Bull’ Rakesh Jhunjhunwala reduced stake in 7 companies, check if you also have shares in them7,161.91 crore integrated net profit in the fourth quarter Tata Steel has released the fourth quarter results. The company had a consolidated net profit of Rs 7,161.91 crore in the fourth quarter of FY 2020-21. Profit of the company increased mainly due to increase in income. Tata Steel said in a notice to BSE on Wednesday that the company had a net loss of Rs 1,615.35 crore in the same quarter of 2019-20 a year ago. The company’s total income jumped to Rs 50,249.59 crore in the quarter ended March 2021, compared to Rs 37,322.68 crore in the same quarter of 2019-20 a year earlier. Tata Steel’s total expenses increased to Rs 40,052 crore in the quarter under review, from Rs 35,432.42 crore in the fourth quarter of 2019-20 a year ago.