Tata Steel Q2 FY'21 results - Key Takeaways
Nov 18, 2020 10:00
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Indian steel major – Tata Steel (TSL) has recently announced its Q2 FY’21 results. In the Q2 FY 21 investor’s call, TSL reported its standalone domestic sales volumes rose 22% y-o-y to 5.05 mn t—it’s highest-ever quarterly figures. Improved realisation, lower coal prices and relatively fewer exports helped Tata Steel improve its operational profit.
Major key takeaways of investors call are listed below:
Crude steel production rose by 54% q-o-q:Crude steel production of Tata Steel India rose by 54% q-o-q and 2% y-o-y to 4.59 mn t with all major sites now operating at close to full capacity utilization and downstream operations back to pre-COVID