Tata Steel Long Products reports net loss of Rs 237 crore in Q3FY23

Tata Steel Long Products Ltd. - (Amalgamated) | Steel/Sponge Iron/Pig Iron | Metals & Mining | BSE: 513010 | NSE: TATASTLLP

27 Jan 2023 Evaluate

Tata Steel Long Products has reported results for third quarter ended December 31, 2022.

The company has reported net loss of Rs 236.93 crore for Q3FY23 as compared to net profit of Rs 103.88 crore for the corresponding quarter previous year. However, total income of the company increased by 15.73% to Rs 1,952.41 crore for the quarter under review as compared to Rs 1,686.98 crore for the same quarter in the previous year.

Tata Steel Long Products is one of India’s largest merchant sponge iron manufacturers. The company is engaged in the production of sponge iron by direct reduction method of iron ore and power generation from waste heat.

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