Tata Steel Long Products Q1FY23 result : PAT surges down by huge, 655% to ₹-331.09 Cr, but income up 18% QOQ

The company has posted a consolidated Net Profit of ₹ crore in the financial year ended on June 30, 2022 as against ₹331.60 crore for the same quarter ended on last year June 30, 2021. The PAT surges down by 199.84%

logo credit- tata steel long products / CSRBox
article continues after this advertisement

Tata Steel Long Products Limited (Formerly Tata Sponge Iron Limited) is one of India’s largest merchant sponge iron manufacturers. The company is engaged in the production of sponge iron by direct reduction method of iron ore and power generation from waste heat.

Tata Steel Long Products has posted its Q1FY23 financial results today, the details are as below :

(I) Audited Consolidated Financial Results for Quarter Ended (QOQ comparison):

The company has reported, a consolidated Total Income of ₹2,154.78 crore in the quarter ended on June 30, 2022 as against ₹1,823.67 crore in the last quarter ended on Mar 31, 2022, increased by 18.15%.

The company has posted a consolidated Net Loss of ₹(331.09) crore in the quarter ended on March 31, 2022 as against ₹59.62 crore in the previous quarter ended on June 30, 2022. The PAT surges down huge by 655.33%.

The status of the EPS of the company stood at ₹(73.41) as on March 31, 2022 compared to the previous quarter ended on June, 2022 which was ₹13.22, down by 655.29%.

₹* June 30, 2022 (Q1FY23)Mar 31, 2022 (Q4FY22)
Total Income2,154.781,823.67
Total Expenses2489.581738.24
PBT /(Loss)(334.80)85.43
Total Tax /(credit)(3.71)32.33
PAT /(Loss) [to the owners](331.09)59.62
*figures are in Crores

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹2,154.78 crore in the financial year ended on June 30, 2022 as against ₹1,726.62 crore for the same quarter ended on last year June 30, 2021 that increased by 24.79%.

The company has posted a consolidated Net Profit of ₹ crore in the financial year ended on June 30, 2022 as against ₹331.60 crore for the same quarter ended on last year June 30, 2021. The PAT surges down by 199.84%.

The status of the EPS of the company stood at ₹(73.41) as on June 30, 2022 compared to the quarter ended on last year June 30, 2021 which was ₹73.53, down by 199.83%.

₹*June 30, 2022 (Q1FY23)June 30, 2021 (Q1FY22)
Total Income2,154.781,726.62
Total Expenses2489.581282.59
PBT /(Loss)(334.80)444.03
Total Tax /(credit)(3.71)48.88
PAT /(Loss) [to the owners](331.09)331.60
*figures are in Crores

Tata Steel Long Product Q4FY22 and Year Ended result – Check the details here.

Market Times

The stocks of Tata Steel Long Products last hit in BSE,

  • Intraday High of ₹ 610.85
  • Intraday low of ₹ 591.70