Tata Steel has released its second quarter results. The company has turned profitable from loss compared to last year. However, the company's income has fallen by more than 3 percent. On a year-on-year basis, the company's EBITDA has increased by 44 percent, while margins have also seen a sharp increase. The company's results have been better than market estimates. The company's profit, income, EBITDA and margin have all been above estimates. In Wednesday's trading, Tata Steel's stock closed with a gain of about one percent.

How were the results?

Tata Steel has made a profit of Rs 758 crore in the second quarter. In the same quarter a year ago, the company had a loss of Rs 6511 crore. In the CNBC TV18 poll, a profit of Rs 210 crore was estimated. At the same time, the company's income has been Rs 53904 crore with a decline of 3.2 percent on a year-on-year basis. A year ago, the company's income was Rs 55682 crore. In the CNBC TV18 poll, it was estimated that the company's income could be Rs 53425 crore. EBITDA has increased from Rs 4267 crore to Rs 6141 crore on a year-on-year basis. That is, it has seen a sharp increase of 44 percent compared to last year. In the CNBC TV18 poll, EBITDA was estimated to be Rs 4976 crore. The company's margins have been at 11.4 percent, which were at 7.7 percent a year ago. The market was expecting a margin of 9.3 percent.