Tata Steel BSL’s consolidated net profit more-than-doubled to Rs 1,913 crore in Q4FY21, against Rs 913 crore in December quarter (Q3FY21) Shares of Tata Steel were up 5 per cent at Rs 936.50 on the BSE in intra-day trade on Thursday after Tata Steel BSL, a subsidiary of the company, reported a strong operational performance for the quarter ended March 2021 (Q4FY21). The stock of Tata Steel BSL surged 6 per cent to Rs 61.25 in intra-day trade, quoting close to its 52-week high of Rs 62 touched on April 8. Tata Steel BSL’s consolidated net profit more-than-doubled to Rs 1,913 crore in Q4FY21, against Rs 913 crore in December quarter (Q3FY21). Consolidated revenue from operations jumped 24 per cent to Rs 7,321 crore from Rs 5,881 crore in the previous quarter. Earnings before interest, taxes, depreciation and amortization (Ebitda) grew 25 per cent at Rs 257 crore on a sequential basis. The beat on Ebitda was driven by higher-than-expected volumes and realisation. Sales volumes ...