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Q2 results: Tata Steel beats Tata Consultancy Services in net profit

Tata Steel reported consolidated net profit of Rs 11,833 crore during the September quarter (Q2) against TCS' consolidated profit of Rs 9,624 crore in the second quarter

A private security guard stands at the exit gate of the headquarters of Tata Consultancy Services (TCS) in Mumbai, India, Oct. 13, 2016. (Photo: Reuters)

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A private security guard stands at the exit gate of the headquarters of Tata Consultancy Services (TCS) in Mumbai (File Photo: Reuters)

BS Reporters

2 min read Last Updated : Nov 12 2021 | 12:19 AM IST

Thanks to a big surge in its margins and net profit in Q2FY22, Tata Steel has overtaken Tata Consultancy Services (TCS) to become the most profitable company in the Tata Group.

Tata Steel reported consolidated net profit of Rs 11,833 crore during the September quarter (Q2) against TCS’ consolidated profit of Rs 9,624 crore in the second quarter.

Tata Steel consolidated net profit in the first half of FY22 at Rs 20,740 crore is also ahead of TCS H1FY22 earnings of Rs 18,632 crore. This is the first time in more than a decade that Tata Steel quarterly net profits have been

Topics : Tata Steel Tata Consultancy Services Q2 results

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