Tata Steel has posted a 76.15 per cent decline in net profit for the third quarter at Rs 27.51 crore compared with Rs 115.34 crore in the same period last year. The company attributed the lower profits to an almost 13 per cent decline in realisations.
Net sales increased 6.77 per cent from Rs 1,809.50 crore to Rs 1,931.99 crore on account of a 6.97 per cent jump in sales during the quarter.
Operating profit declined 31.35 per cent to Rs 287.48 crore against Rs 418.81 crore in the corresponding quarter of last year.
The company
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app