Tata Steel says profit jumps on 55% revenue rise

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Tata Steel uk:ttsl reported a surge in fiscal second-quarter profit, as adjusted EBITDA more than tripled to 17,810 crore ($204 million), on a 55% increase in revenue to 60,283 crore. The operating profit missed expectations while revenue came in above estimates. The company said steel deliveries in India rose by 11% sequentially despite a contraction in market demand, and rising prices lifted its European operations.

This article was originally published by Marketwatch.com. Read the original article here.

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