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Monday, May 23, 2022

Tata Steel Beats TCS: Tata Steel beats TCS, snatched the title of the most profitable company

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Tata Steel Beats TCS: Tata Consultancy Services (TCS), the country’s largest IT firm of the Tata Group, was known as the highest profit-making company among all the Tata Group companies so far. But Tata Steel has snatched this title from TCS. After nearly a decade, Tata Steel has once again become the highest-grossing company for the Tata Group. On Tuesday, May 4, Tata Steel has declared its results, according to which Tata Steel has made a net profit of Rs 41,749 crore last year. Whereas TCS has made a profit of Rs 38,327 crore in 2021-22.

Tata Steel benefits from rising commodity prices
In fact, due to the Russia-Ukraine war, there is a huge jump in commodity prices. America has record inflation in Europe. In such a situation, there has also been a huge increase in the prices of steel, which has benefited Tata Steel. In such a situation, along with the revenue of the company, the profit has also increased.

Tata Steel is ahead in every respect
Tata Steel’s revenue for the entire 2021-22 financial year has been Rs 2,43,959.17 crore while net profit has been Rs 40,153 crore during this period. While the revenue of TCS has been Rs 1,97,754 crore while profit of Rs 38,327 crore has been made.

Tata Steel lags behind TCS in market capitalization
But in terms of market capitalization in the stock market, Tata Steel is far behind TCS. The market capitalization of TCS is Rs 12,85,410 crore while that of Tata Steel is Rs 1,58,788 crore.

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