Net sales during the quarter jumped 52.5% year-on-year (YoY) to Rs 1185.86 crore in Q2 FY21.
While the companys total expenditure increased 21.1% to Rs 1002.3 crore, interest payments declined 21.8% to Rs 62.79 crore in Q2 FY21 over Q2 FY20.
Pre-tax profit in the second quarter stood at Rs 57.79 crore as against a pre-tax loss of Rs 197.07 crore in the same period last year.
Tata Steel Long Products is one of Indias largest merchant sponge iron manufacturers. The company is engaged in the production of sponge iron by direct reduction method of iron ore and power generation from waste heat.
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