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Tata Steel reports 84% fall in Q4 consolidated net profit

03 May 2023 Evaluate

Tata Steel has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported 48.71% fall in its net profit at Rs 4020.86 crore for the quarter under review as compared to Rs 7839.46 crore for the same quarter in the previous year. Total income of the company decreased by 6.04% at Rs 34940.52 crore for Q4FY23 as compared to Rs 37187.09 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported fall of 84.08% in its net profit at Rs 1566.24 crore for fourth quarter ended March 31, 2023 as compared to Rs 9835.12 crore for the same quarter in the previous year. Total income of the company decreased by 9.31% at Rs 63131.08 crore for Q4FY23 as compared to Rs 69615.70 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported 53.06% fall in its net profit at Rs 15495.11 crore as compared to Rs 33011.18 crore for the previous year. However, total income of the company marginally increased by 1.42% at Rs 132332.10 crore for year under review as compared to Rs 130473.37 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported 80.66% fall in its net profit at Rs 8075.35 crore as compared to Rs 41749.32 crore for the previous year. Total income of the company marginally decreased by 0.14% at Rs 244390.17 crore for year under review as compared to Rs 244744.06 crore for year ended March 31, 2022.


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