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Tata Steel BSL reports consolidated net loss of Rs 244 crore in Q2

Tata Steel BSL has reported results for second quarter ended September 30, 2019.

The company has reported net loss of Rs 255.89 crore for the quarter under review against net profit of Rs 60.71 crore for the same quarter in the previous year. Total income of the company decreased by 22.46% at Rs 4,580.47 crore for Q2FY20 as compared Rs 5907.47 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss of Rs 243.97 crore for the quarter under review against net loss of Rs 59.65 crore for the same quarter in the previous year. Total income of the company decreased by 22.67% at Rs 4,567.98 crore for Q2FY20 as compared Rs 5,907.48 crore for the corresponding quarter previous year.

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