Tuesday, December 12, 2023

Tata Steel slips into red; reports ₹6,511 crore net loss in September quarter

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PTI | | Posted by Sreelakshmi B

Tata Steel on Wednesday reported a consolidated net loss of 6,511.16 crore in the second quarter ended September.

Tata Steel(Mint File)
Tata Steel(Mint File)

It had clocked 1,297.06 crore net profit in the year-ago period, the company said in a regulatory filing.

The company’s total income declined to 55,910.16 crore from 60,206.78 crore in the year-ago quarter.

Its expenses stood at 55,853.35 crore in the quarter under review against 57,684.09 crore a year ago.

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