Tata Steel Ltd.

Tata Steel has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 2.93% fall in its net profit at Rs 4,050.30 crore for the quarter under review as compared to Rs 4,172.48 crore for the same quarter in the previous year. Total income of the company decreased by 3.68% at Rs 37,115.84 crore for Q4FY24 as compared Rs 38,533.10 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 64.59% fall in its net profit at Rs 554.56 crore for fourth quarter ended March 31, 2024 as compared to Rs 1,566.24 crore for the same quarter in the previous year. Total income of the company decreased by 6.76% at Rs 58,863.22 crore for Q4FY24 as compared Rs 63,131.08 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 67.26% fall in its net profit at Rs 4,807.40 crore as compared to Rs 14,685.25 crore for the previous year. Total income of the company decreased by 0.91% at Rs 1,44,110.34 crore for year under review as compared to Rs 1,45,443.76 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported net loss at Rs 4,909.61 crore as compared to net profit of Rs 8,075.35 crore for the previous year. Total income of the company decreased by 5.49% at Rs 2,30,979.63 crore for year under review as compared to Rs 2,44,390.17 crore for year ended March 31, 2023.