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Tata Steel Long Products Ltd Q2FY24; 58% rise 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 Q2FY24 of ₹2,948.00 Crores up from ₹1,869.00 Crore year on year, a rise of 57.73%.

Total Expenses for Q2FY24 of ₹3,443.00 Crores up from ₹2,696.00 Crores year on year, a rise of 27.71%.

Consolidated Net Profit of -₹460.00 Crores from -₹662.00 Crores in the same quarter of the previous year.

The Earnings per Share is -₹97.14, from -₹143.29 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.

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