Tata Steel Ltd.
-1.15 (-0.61%) Tata Steel reports consolidated net profit of Rs 522 crore in Q3
Date: 25-01-2024Tata Steel has reported results for third quarter ended December 31, 2023 (Q3FY24).
The company has reported 96.87% rise in net profit at Rs 4653.04 crore for the quarter ended December 31, 2023 as compared to Rs 2363.51 crore for the same quarter in the previous year. Total income of the company increased by 1.03% at Rs 35010.49 crore for Q3FY24 as compared Rs 34653.79 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported net profit at Rs 522.14 crore for Q3FY24 as compared to net loss of Rs 2501.95 crore for the same quarter in the previous year. However, total income of the company decreased by 3.16% at Rs 55539.77 crore for Q3FY24 as compared Rs 57354.16 crore for corresponding quarter of the previous year.