Tata Steel Long Products standalone net profit declines 82.46% in the March 2022 quarter

Image
Capital Market
Last Updated : Apr 20 2022 | 9:04 AM IST

Sales rise 16.34% to Rs 1799.40 crore

Net profit of Tata Steel Long Products declined 82.46% to Rs 59.62 crore in the quarter ended March 2022 as against Rs 339.85 crore during the previous quarter ended March 2021. Sales rose 16.34% to Rs 1799.40 crore in the quarter ended March 2022 as against Rs 1546.74 crore during the previous quarter ended March 2021.

For the full year,net profit rose 10.12% to Rs 629.87 crore in the year ended March 2022 as against Rs 571.97 crore during the previous year ended March 2021. Sales rose 43.20% to Rs 6801.63 crore in the year ended March 2022 as against Rs 4749.87 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales1799.401546.74 16 6801.634749.87 43 OPM %9.1332.19 -17.3123.13 - PBDT156.76467.20 -66 1205.10942.02 28 PBT85.43383.17 -78 885.52614.83 44 NP59.62339.85 -82 629.87571.97 10

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Apr 20 2022 | 7:55 AM IST

Next Story