Rs 9,84,60,000 Profit In Q2: Tata Steel's Penny Stock Below Rs 500, In Focus; Do You Own?

India's largest steel company Tata Steel-backed one-penny stock will be in focus on Thursday, October 24, 2024. This will be none other than its subsidiary TRF Ltd which has announced its Q2 results for FY25. The second quarter earnings were a mixed bag in bottom-line front but weak on the top-line.

TRF earned a consolidated net profit of Rs 9,84,60,000 or Rs 9.846 crore in Q2FY25, which is attributable to the owners of the company in Q2FY25. This is lower than the net profit of Rs 18.99 crore in Q2FY24, but higher than net profit of Rs 4.74 crore in Q1FY24.

Further, consolidated revenue from operations stood at Rs 32.69 crore in Q2 of FY25, which was sharply down from revenue of Rs 39.26 crore in Q2FY24, and Rs 37.61 crore in Q1FY25.