Categories AlphaGraphs, Earnings, Industrials

Tata Steel Ltd Q1FY24; 93% fall in Profits

Tata Steel Ltd is Asia’s first integrated private steel company setup in 1907. The company has presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products. The company has a target to increase domestic steelmaking capacity to 30 MnTPA by 2025.

Financial Results:

Tata Steel Ltd reported Revenues for Q1FY24 of ₹59,490.00 Crores down from ₹63,430.00 Crore year on year, a fall of 6.21%.

Total Expenses for Q1FY24 of ₹58,824.00 Crores up from ₹51,912.00 Crores year on year, a rise of 13.31%.

Consolidated Net Profit of ₹525.00 Crores down 93.19% from ₹7,714.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.52, down 91.82% from ₹6.36 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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