{"id":135311,"date":"2022-11-01T07:15:36","date_gmt":"2022-11-01T11:15:36","guid":{"rendered":"https:\/\/44.250.171.167\/?p=135311"},"modified":"2022-11-01T07:15:37","modified_gmt":"2022-11-01T11:15:37","slug":"tata-steel-q2fy23-results-out-net-profit-down-by-90","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tata-steel-q2fy23-results-out-net-profit-down-by-90\/","title":{"rendered":"TATA Steel Q2FY23 results out: Net profit down by 90%"},"content":{"rendered":"\n<p class=\"has-text-align-justify\">Tata Steel reported a consolidated net profit at INR 1,297 crore in July to September quarter (Q2FY23), down by 90 per cent, on the back of declining margins. In the year-ago period, net profit was at INR 12,548 crore. Revenues from operations at INR 59,877.52 crore was marginally down by a percent from INR 60,387.13 crore in the year-ago period.  Sequentially, revenues were down 5.6 per cent and net profit by 80.49 per cent.<\/p>\n\n\n\n<p>Deliveries from Europe operations were lower on QoQ basis, in part due to seasonal factors and subdued demand in Europe. Turnover was \u00a32,307 million and EBITDA was \u00a3199 million, which translates to an EBITDA of \u00a3106 per tonne.<br>Gross debt in the September quarter stood at INR 87,516 crore compared with INR 82,597 crore in the June quarter.<\/p>\n\n\n\n<p class=\"has-text-align-justify\">Koushik Chatterjee, executive director and chief financial officer, Tata Steel, said the quarter saw bunching of several large cash payouts, including the highest-ever dividend payout relating to financial year 2021-2022, the acquisition of NINL, an accelerated capex driven by the need to complete the Tata Steel Kalinganagar Phase II&#8221;. However, while gross debt increased, Chatterjee said the financial metrics continued to be well within the investment grade level. He said the company would work towards reducing it by the year-end. The Tata Steel management is expecting gradual improvement in the second half.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img loading=\"lazy\" decoding=\"async\" width=\"608\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/3a2575ab-9b65-44e4-8fdc-88752658f083-608x1024.png\" alt=\"\" class=\"wp-image-135312\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/3a2575ab-9b65-44e4-8fdc-88752658f083-608x1024.png 608w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/3a2575ab-9b65-44e4-8fdc-88752658f083-178x300.png 178w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/3a2575ab-9b65-44e4-8fdc-88752658f083-768x1294.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/3a2575ab-9b65-44e4-8fdc-88752658f083-912x1536.png 912w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/3a2575ab-9b65-44e4-8fdc-88752658f083-1216x2048.png 1216w\" sizes=\"auto, (max-width: 608px) 100vw, 608px\" \/><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Steel reported a consolidated net profit at INR 1,297 crore in July to September quarter (Q2FY23), down by 90 per cent, on the back of declining margins. In the year-ago period, net profit was at INR 12,548 crore. Revenues from operations at INR 59,877.52 crore was marginally down by a percent from INR 60,387.13 [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":49407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,5753],"tags":[10524,10150,9148],"class_list":["post-135311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-industrials","tag-billets","tag-long-steel","tag-steel"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":135007,"url":"https:\/\/alphastreet.com\/india\/tata-consumer-products-ltd-reported-its-q2fy23-earnings-net-profit-up-by-36\/","url_meta":{"origin":135311,"position":0},"title":"Tata Consumer Products Ltd reported its Q2FY23 earnings: Net profit up by 36%","author":"Chirag Gupta","date":"October 21, 2022","format":false,"excerpt":"On Thursday, Tata Consumer Product Ltd (TCPL) reported a 36.25 per cent rise in consolidated net profit at INR 389.43 crore for the second quarter. While, revenue from operations rose by 10.87 per cent to INR 3,363.05 crore during the quarter under review as against INR 3,033.12 crore in the\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":135262,"url":"https:\/\/alphastreet.com\/india\/indiamart-reports-its-q2fy23-results-net-profit-drops-by-17\/","url_meta":{"origin":135311,"position":1},"title":"IndiaMART reports its Q2FY23 results: Net profit drops by 17%","author":"Chirag Gupta","date":"October 31, 2022","format":false,"excerpt":"On Thursday, B2B e-commerce firm IndiaMART InterMESH reported a 17 per cent drop in consolidated net profit to INR 68 crore for the quarter ended September. The company had posted a net profit of INR 82 crore in the same period a year ago. The consolidated revenue from operations, however,\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":135231,"url":"https:\/\/alphastreet.com\/india\/sbi-cards-q2fy23-results-out-net-profit-rises-by-52\/","url_meta":{"origin":135311,"position":2},"title":"SBI Cards Q2FY23 results out: Net profit rises by 52%","author":"Chirag Gupta","date":"October 27, 2022","format":false,"excerpt":"SBI Card and Payments Services reported a 52 per cent jump in net profit in second quarter of FY23 quarter to INR 526 crore, thanks to a spike in income and lower provisions. In the year-ago period, it had reported a net profit of INR 345 crore. Its total income\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140936,"url":"https:\/\/alphastreet.com\/india\/zydus-lifescience-net-profit-soars-by-23-in-q3fy23\/","url_meta":{"origin":135311,"position":3},"title":"Zydus lifescience net profit soars by 23% in Q3FY23","author":"Chirag Gupta","date":"February 10, 2023","format":false,"excerpt":"Zydus Lifesciences Ltd reported a 23 per cent rise in consolidated net profit at INR 631 crore for the third quarter ended December 31, 2022. The company had posted a consolidated net profit of INR 511 crore in the same period last fiscal, Zydus Lifesciences Ltd said in a regulatory\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":140022,"url":"https:\/\/alphastreet.com\/india\/zydus-lifesciences-q3fy23-net-profit-rises-by-23-revenue-soars-20\/","url_meta":{"origin":135311,"position":4},"title":"Zydus Lifesciences Q3FY23 net profit rises by 23%; Revenue soars 20%","author":"Chirag Gupta","date":"February 3, 2023","format":false,"excerpt":"Zydus Lifesciences Ltd reported a 23 per cent rise in consolidated net profit at INR 631 crore for the third quarter ended December 31, 2022. The company had posted a consolidated net profit of INR 511 crore in the same period last fiscal, Zydus Lifesciences Ltd said in a regulatory\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/33edfd75-01f5-4dce-afe1-d8884b831eec.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/33edfd75-01f5-4dce-afe1-d8884b831eec.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/33edfd75-01f5-4dce-afe1-d8884b831eec.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/33edfd75-01f5-4dce-afe1-d8884b831eec.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/33edfd75-01f5-4dce-afe1-d8884b831eec.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/33edfd75-01f5-4dce-afe1-d8884b831eec.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":136387,"url":"https:\/\/alphastreet.com\/india\/muthoot-finance-q2fy23-results-out-net-profit-slumps-by-11\/","url_meta":{"origin":135311,"position":5},"title":"Muthoot Finance Q2FY23 results out: Net profit slumps by 11%","author":"Chirag Gupta","date":"November 10, 2022","format":false,"excerpt":"Muthoot Finance reported a net profit of INR 892 crore for the quarter ending September 30, 2022 (Q2FY23) period compared to a profit of INR 990 crore a year same quarter -- registering a decline of 11%. However, sequentially, the Q2 PAT climbed by 8.13% from INR 802 crore in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=135311"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/135311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/49407"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=135311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=135311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=135311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}