{"id":140260,"date":"2023-02-06T13:49:03","date_gmt":"2023-02-06T18:49:03","guid":{"rendered":"https:\/\/44.250.171.167\/?p=140260"},"modified":"2023-02-06T13:49:05","modified_gmt":"2023-02-06T18:49:05","slug":"tata-steel-delivered-a-net-loss-of-126-in-q3fy23","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tata-steel-delivered-a-net-loss-of-126-in-q3fy23\/","title":{"rendered":"Tata Steel delivered a net loss of 126% in Q3FY23"},"content":{"rendered":"\n<p>Steel major Tata Steel on Monday reported a surprise consolidated net loss of \u20b92,502 crore for the third quarter ending 31 December, 2022 (Q3FY23). This is a decline of 126% from \u20b99,598 crore profit posted in the corresponding quarter of last year.<\/p>\n\n\n\n<p>The steel production company&#8217;s revenue from operations declined 6% to \u20b957,083.56 crore for the period under review as as compared to \u20b960,783 crore in the year-ago period. The steel major&#8217;s expenses rose to \u20b957,172.02 crore in the quarter under review from \u20b948,666.02 crore in the year-ago period. Consolidated EBITDA came in at \u20b94,154 crore for the December quarter, with an EBITDA margin of 7%. The profitability was affected by sharp drop in realisations and spreads in Europe.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"608\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f98131e-8614-4cda-a6ab-e3867cf491c2-608x1024.png\" alt=\"\" class=\"wp-image-140261\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f98131e-8614-4cda-a6ab-e3867cf491c2-608x1024.png 608w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f98131e-8614-4cda-a6ab-e3867cf491c2-178x300.png 178w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f98131e-8614-4cda-a6ab-e3867cf491c2-768x1294.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f98131e-8614-4cda-a6ab-e3867cf491c2-912x1536.png 912w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f98131e-8614-4cda-a6ab-e3867cf491c2-1216x2048.png 1216w\" sizes=\"auto, (max-width: 608px) 100vw, 608px\" \/><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Steel major Tata Steel on Monday reported a surprise consolidated net loss of \u20b92,502 crore for the third quarter ending 31 December, 2022 (Q3FY23). This is a decline of 126% from \u20b99,598 crore profit posted in the corresponding quarter of last year. The steel production company&#8217;s revenue from operations declined 6% to \u20b957,083.56 crore for [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":140261,"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":[11462,10150],"class_list":["post-140260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-industrials","tag-folded-steel","tag-long-steel"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f98131e-8614-4cda-a6ab-e3867cf491c2.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":135311,"url":"https:\/\/alphastreet.com\/india\/tata-steel-q2fy23-results-out-net-profit-down-by-90\/","url_meta":{"origin":140260,"position":0},"title":"TATA Steel Q2FY23 results out: Net profit down by 90%","author":"Chirag Gupta","date":"November 1, 2022","format":false,"excerpt":"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\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":131710,"url":"https:\/\/alphastreet.com\/india\/infographic-tata-steel-q1fy23-profit-falls-12-8-to-rs-7765-cr-while-revenue-up-18-6\/","url_meta":{"origin":140260,"position":1},"title":"Infographic: Tata Steel Q1FY23- Profit falls 12.8% to Rs 7,765 Cr, while Revenue up 18.6%","author":"Chirag Gupta","date":"July 26, 2022","format":false,"excerpt":"Tata Steel reported a consolidated net profit (attributable to the owners of the company) at Rs 7,765 crore for the quarter ended June, down 12.8 per cent over the year-ago period, in what the company described as a \u201cchallenging\u201d quarter. Sequentially, net profit was down 20.4 per cent. Revenue from\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":141602,"url":"https:\/\/alphastreet.com\/india\/tata-investment-corp-q3fy23-net-profit-declined-by-13-per-cent\/","url_meta":{"origin":140260,"position":2},"title":"Tata Investment Corp Q3FY23 net profit declined by 13 per cent","author":"Chirag Gupta","date":"February 14, 2023","format":false,"excerpt":"Tata Investment Corporation Ltd on Tuesday reported a 12.55 per cent decline in consolidated profit after tax at INR 34.74 crore for the third quarter ended December 31, 2022. The company had posted a consolidated profit after tax (PAT) of INR 39.73 crore in the same quarter last fiscal, Tata\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":140654,"url":"https:\/\/alphastreet.com\/india\/tata-chemicals-reported-a-26-rise-in-its-net-profit-in-q3fy23\/","url_meta":{"origin":140260,"position":3},"title":"Tata chemicals reported a 26% rise in its net profit in Q3FY23","author":"Chirag Gupta","date":"February 9, 2023","format":false,"excerpt":"Tata Chemicals reported a 25.72% year-on-year (YoY) rise in its net profit to INR 391 crore for the quarter ended December 31, 2022. The company had reported a profit of INR 311 crore in the same quarter of the previous fiscal year. The company clocked a 32% increase in the\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/tiny-pharmacist-with-pills-vitamins-flat-vector-illustration-doctors-writing-prescriptions-antibiotics-working-together-helping-patients-cure-pharmacy-business-drugstore-concept_74855-23225.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/tiny-pharmacist-with-pills-vitamins-flat-vector-illustration-doctors-writing-prescriptions-antibiotics-working-together-helping-patients-cure-pharmacy-business-drugstore-concept_74855-23225.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/tiny-pharmacist-with-pills-vitamins-flat-vector-illustration-doctors-writing-prescriptions-antibiotics-working-together-helping-patients-cure-pharmacy-business-drugstore-concept_74855-23225.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140523,"url":"https:\/\/alphastreet.com\/india\/tata-teleservices-net-loss-narrowed-to-inr-280-crores-in-q3fy23\/","url_meta":{"origin":140260,"position":4},"title":"Tata Teleservices net loss narrowed to INR 280 crores in Q3FY23","author":"Chirag Gupta","date":"February 8, 2023","format":false,"excerpt":"Tata Teleservices (Maharashtra) narrowed net loss to INR 279.79 crore on year in the fiscal third quarter on the back of lower operating expense, and marginally lower finance costs and depreciation. Net loss for the same quarter last fiscal was INR 302.30 crore. The company, which announced its December quarter\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\/b70b661e-3308-4965-a377-af146c48b785.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b70b661e-3308-4965-a377-af146c48b785.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b70b661e-3308-4965-a377-af146c48b785.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b70b661e-3308-4965-a377-af146c48b785.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b70b661e-3308-4965-a377-af146c48b785.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b70b661e-3308-4965-a377-af146c48b785.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":141595,"url":"https:\/\/alphastreet.com\/india\/tata-teleservices-reported-a-net-loss-of-inr-280-crores-in-q3fy23\/","url_meta":{"origin":140260,"position":5},"title":"Tata Teleservices reported a net loss of INR 280 crores in Q3FY23","author":"Chirag Gupta","date":"February 14, 2023","format":false,"excerpt":"Tata Teleservices (Maharashtra) narrowed net loss to INR 279.79 crore on year in the fiscal third quarter on the back of lower operating expense, and marginally lower finance costs and depreciation. Net loss for the same quarter last fiscal was INR 302.30 crore. The company, which announced its December quarter\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":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/140260","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=140260"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/140260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/140261"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=140260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=140260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=140260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}