Tata Steel Q3 Results: Reported a loss of Rs 1,753 crore

Tata Steel Q3 Results: Reported a loss of Rs 1,753 crore

Tata Steel Q3 Results: Reported a loss of Rs 1,753 crore

Tata Steel Q3 Results: Reported a loss of Rs 1,753 crore

Tata Steel Q3 Results: Tata Steel is India’s no1 steel-making company headquartered in Kolkata.  The company on Friday posted a loss of Rs 1,229 crore for this financial year. Whereas the previous amount of Rs 1,753 crore in the same period of last year.

The company also posted a profit of Rs 3,302 crore in the previous quarter of the same fiscal year. The company said that the Earnings Before Interest, Taxes, Depreciation, and Amortization(EBITDA) measure reached 10.2% with Rs 3,659 crore compared to Rs 6,726 crore YoY and 3,839 crores QoQ.

The companies EBITDA measure per tone reached at Rs 5,003 crore as compared to the previous amount with Rs 10,404 crore in this period of the same fiscal year. However, the company also posted quarter-to-quarter at Rs 5,963 crore.

The company also posted its operations in India, it said the profits of the company for this quarter stands at Rs 1,194 crore with a reduction of 47% Year-on-Year compared to the previous fiscal year at Rs 2,253 crore.

The company also posted about the steel production that stood at Rs 6.99 million tonnes with delivery growth of 12% QoQ to 7.31 million tonnes. Whereas the Indian steel production stood at 4.47 million tonnes with deliveries increased to 17% QoQ to 4.85 million. These companies contributed nearly 66% of their deliveries in steel production, said by the company.

The company revenues are also increased to 3% QoQ, whereas company YoY revenue growth decreased to 9% with Rs 35,520 crore. The revenue growth of India in the steel sector increases to 5% QoQ and fell 5% YoY with Rs 21,299 crore.

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