Tata Steel Long Products Ltd Q1FY24; 4% fall in Revenue

Tata Steel Long Products Ltd, formerly known as Tata Sponge Iron Limited, is engaged in manufacturing high alloy steel, primarily for the auto sector and wire rope industry, and sponge iron for use by the secondary steel sector.

Financial Results:

Tata Steel Long Products Ltd reported Revenues for Q1FY24 of ₹1,910.00 Crores down from ₹1,994.00 Crore year on year, a fall of 4.21%.

Total Expenses for Q1FY24 of ₹2,208.00 Crores down from ₹2,490.00 Crores year on year, a fall of 11.33%.

Consolidated Net Profit of -₹36.00 Crores from -₹331.00 Crores in the same quarter of the previous year.

The Earnings per Share is -₹8.09, from -₹73.41 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.