Tata Steel Long Products posted a net loss of Rs 331.09 crore for the June 2022 quarter.
Tata Steel Long Products, a subsidiary of Tata Steel, has released its June quarter financial results. Tata Steel Long Products posted a net loss of Rs 331.09 crore for the June 2022 quarter. It is noteworthy that Tata Steel Long Products Company has made a profit of Rs.331.60 crore in the June quarter of 2021.
Tata Steel Long Products’ total revenue rose to Rs 2,154.78 crore in the June quarter of 2022. Tata Steel Long Products had posted a total revenue of Rs 1,726.82 crore in the June quarter of 2021. Tata Steel Long Products’ expenditure rose to Rs 2,489.58 crore from Rs 1,282.59 crore in the June 2022 quarter.
Tata Steel Long Products was trading at Rs 580.55, down 3.70 per cent from the previous trading day at the close of trading on the Mumbai Stock Exchange on Friday.