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Tata Steel Long Products’ consolidated net loss narrows to Rs 460.23 crore in Q2

16 Oct 2023 Evaluate

Tata Steel Long Products has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The company has reported net loss at Rs 135.76 crore for the quarter under review as compared to net loss of Rs 333.36 crore for the same quarter in the previous year. Total income of the company decreased by 7.89% at Rs 1915.36 crore for Q2FY24 as compared Rs 2079.36 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported net loss at Rs 460.23 crore for the quarter ended September 30, 2023 as compared to net loss of Rs 661.80 crore for the same quarter in the previous year. However, total income of the company increased by 56.45% at Rs 3005.46 crore for Q2FY24 as compared Rs 1921.01 crore for the corresponding quarter previous year.

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