Tata Steel declines on reporting consolidated net loss of Rs 2501.95 crore in Q3
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Tata Steel is currently trading at Rs. 113.60, down by 4.00 points or 3.40% from its previous closing of Rs. 117.60 on the BSE.
The scrip opened at Rs. 112.00 and has touched a high and low of Rs. 115.30 and Rs. 112.00 respectively. So far 3299127 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 138.63 on 06-Apr-2022 and a 52 week low of Rs. 82.71 on 23-Jun-2022.
Last one week high and low of the scrip stood at Rs. 124.15 and Rs. 112.00 respectively. The current market cap of the company is Rs. 139163.16 crore.
The promoters holding in the company stood at 33.90%, while Institutions and Non-Institutions held 41.65% and 23.72% respectively.
Tata Steel has reported fall of 64.79% in its net profit at Rs 2705.13 crore for third quarter ended December 31, 2022 as compared to Rs 7683.39 crore for the same quarter in the previous year. Total income of the company decreased 2.70% at Rs 31372.24 crore for Q3FY23 as compared to Rs 32244.19 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net loss at Rs 2501.95 crore for third quarter ended December 31, 2022 as compared to net profit of Rs 9598.16 crore for the same quarter in the previous year. Total income of the company decreased 5.73% at Rs 57354.16 crore for Q3FY23 as compared to Rs 60842.72 crore for the corresponding quarter previous year.
