Tata Steel posted a cumulative net loss of Rs 2,223.84 crore for the December 2022 quarter.
Tata Steel, one of the country’s leading steel producers, has released its December quarter financial results. Tata Steel posted a cumulative net loss of Rs 2,223.84 crore for the December 2022 quarter. Tata Steel reported a net profit of Rs 9,572.67 crore in the quarter of December 2021.
Tata Steel has generated an operating income of Rs 57,083.56 crore for the December 2022 quarter. This is 6.08 percent lower than the December 2021 quarter. Tata Steel earned an operating income of Rs 60,783.11 crore during the quarter. Tata Steel’s net debt stood at Rs 71,706 crore as of December 2022 quarter-end.
Tata Steel has undertaken capital expenditure of Rs 3,632 crore in the December 2022 quarter. At the close of trading on the Mumbai Stock Exchange yesterday, Tata Steel’s share price was down 5.23 percent from the previous trading day at Rs 111.45.