Tata Steel back in black but misses Street estimates
Financial Express Mumbai|January 25, 2024
Rides on demand from the domestic market
RAJESH KURUP
Tata Steel back in black but misses Street estimates
  • ₹513-CRORE NET PROFIT IN Q3 A THIRD OF FORECAST

TATA STEEL ON Wednesday posted a net profit of ₹513 crore on a consolidated basis for the quarter ended December 31, missing consensus Street estimates of ₹1,688 crore, driven by demand from the domestic market.

The company had posted a net loss of ₹2,224 crore for the comparable year-ago period.

It had posted a net loss of ₹6,196 crore for the preceding quarter ended September 30, impacted by weak performance of its European operations.

For the reporting quarter, Tata Steel's revenue fell 3.1% to ₹55,312 crore from ₹57,084 crore recorded during the comparable year-ago period, while Ebitda rose 54.7% to 6,264 crore from ₹4,048 crore, the company said in a regulatory update.

この記事は Financial Express Mumbai の January 25, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Mumbai の January 25, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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