Tata Steel Q3: Net loss at Rs 2,224 Crore, down 76%

Tata Steel Q3 results: Ahead of the results, Tata Steel shares finished 2.62% down on Monday, at Rs 117.20 a share on the NSE.

By Aryan Jakhar Published on February 6, 2023, 19:01 IST

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Tata Steel recorded a consolidated net profit of Rs 2,224 crore for the third quarter ended December 31, 2022, on Monday (Q3FY23). This is a 76% decrease from the equivalent quarter of the previous year’s figure of Rs 9,572 crore.

The steel manufacturing company’s revenue from operations fell 6% to Rs 57,083.56 crore in the fiscal year under review from Rs 60,783 crore the previous year.

Tata Steel shares finished 2.62% down on Monday, ahead of the results, at Rs 117.20 per share on the NSE.

Aryan Jakhar

Aryan Jakhar is currently a third-year undergraduate student at the Manipal University Jaipur. He is a media enthusiast and is passionate about content writing. Aryan is currently working as a Sub-Editor for Business Upturn.