Tata Steel Posts Rs 2,502 Bn Loss In Q3
The largest producer of steel in the world, Tata Steel, reported a combined net loss of Rs. 2,501.95 crore for the three months that ended on December 31, 2022, as a result of rising costs.
In the same time the previous year, the company reported a net profit of Rs 9,598.16 crore, according to a regulatory filing.
From Rs 60,842.72 crore in the preceding quarter, total income on a consolidated basis decreased to Rs 57,354.16 crore in the October-December quarter. The company's expenses increased from Rs 48,666.02 crore to Rs 57,172.02 crore in the quarter under review.
