Tata Steel Ltd. reported a net profit for the second straight quarter aided by rise in global steel prices and higher sales volumes, but still fell short of market estimates. Tata steel consolidated quarterly revenues was up by 25% YoY to Rs. 32464 crore in Q2FY18. Operating profit was at Rs. 4720 crore with operating margin of 14.5%. Consolidated PAT recovered to Rs. 975 crore from a loss of Rs. 80 crore last year. Gross debt increased by Rs. 2447 crore and stood at Rs. 90259 crore mainly due to increase in working capital lines and forex impact. The capital expenditure for the quarter was around Rs. 1834 crore. Consolidated deliveries were up by 15%YoY and 11% QoQ to 6.45 million tonne. India...