Tata Steel Ltd.
1.80 (0.96%) Tata Steel reports 21% fall in Q1 consolidated net profit
Date: 26-07-2022Tata Steel has reported results for first quarter ended June 30, 2022.
The company has reported a fall of 30.36% in its net profit at Rs 6,114.17 crore for the quarter under review as compared to Rs 8,780.07 crore for the same quarter in the previous year. However, total income of the company increased by 17.10% at Rs 32,756.72 crore for Q1FY23 as compared Rs 27,973.35 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 21.03% in its net profit at Rs 7,714 crore for the quarter under review as compared to Rs 9,768.34 crore for the same quarter in the previous year. However, total income of the company increased by 18.78% at Rs 63,698.15 crore for Q1FY23 as compared Rs 53,627.66 crore for the corresponding quarter previous year.