Zetwerk's Q2 net loss widens 43% to Rs 88 crore, revenue rises 18%
The company's discontinued civil infrastructure business accounted for a loss of Rs 34.29 crore during the quarter compared with Rs 668.85 crore in the preceding three months, when it had made provisions for doubtful receivables, delayed projects, and other expected losses.
Tata Steel reported net profit of Rs 5,055 crore for its India business in the second quarter, according to africaleader.com. Orissadiary.com and avenuemail.in also gave the Rs 5,055 crore figure and reported a rise of about 20% year on year. Telugupeople.com reported a 16.2% increase in Tata Steel’s second-quarter profit, while indiainfoline.com covered the company’s India operations and results in a share-price update; the headlines do not explain the different growth figures.
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