Tata Steel Long Products Revenue Rises, Som Distilleries Q2 Profit Surges — Earnings Wrap

Tata Steel Long Products Ltd. saw its revenue soar while its loss narrowed year-on-year in the second quarter.

The Tata Group company's revenue was up 57% at Rs 2,947.6 crore, while it incurred a net loss of Rs 460.23 crore as against Rs 661.8 crore in the same period last year.

Som Distilleries and Breweries Ltd.'s revenue rose 74% to Rs 247.7 crore year-on-year. Net profit was up 80% at Rs 14.85 crore, while earnings before interest, taxes, depreciation and amortisation advanced 57.68% to Rs 27.2 crore.

Here are the major quarterly results announced after market hours:

Tata Steel Long Products (Consolidated, YoY)

• Revenue is up 57.69% at Rs 2,947.6 crore.

• Ebitda at Rs 93.84 crore vs. Ebitda loss of Rs 255.18 crore

• Net loss of Rs 460.23 crore vs. loss of Rs 661.8 crore

Som Distilleries Q2 FY24 (Consolidated, YoY)

• Revenue up 74.08% at Rs 247.72 crore.

• Ebitda up 57.68% at Rs 27.2 crore.

• Margin at 10.98% vs 11.77%

• Net profit up 80% at Rs 14.85 crore.

Den Networks Q2 FY24 (Consolidated, YoY)

• Revenue is down 3.72% at Rs 276.6 crore.

• Ebitda is up 14.32% at Rs 43.1 crore.

• Ebitda margin at 15.58% vs. 13.12%

• Net profit is down 5.2% to Rs 45.6 crore.

Note: Deferred tax expense of Rs 18.3 crore (vs. Rs 0.4 crore YoY)