Tata Steel Long Products Q1FY24 Results: Consolidated Loss of Rs. 36.49 Cr

Fitch upgrades Tata Steel ratings to 'BBB-' with stable outlook

Tata Steel Long Products Q1 results show revenue up from 1911.98 crores to 2104.68 crores, a 10.08% increase in growth. EPS down from ₹-40.83 to ₹-8.09, down by 80.19%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Tata Steel Long Products shared its Q1 results on Friday. They earned 2104.68 crores in revenue this quarter, but that’s more than the 1911.98 crores they made last quarter. The company’s growth increased by 10.08 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was -36.49 crores, down from -184.11 crores in the previous quarter. Their quarter-to-quarter growth decreased by 80.18 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹-8.09, which is a decrease of 80.19% from the ₹-40.83 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 2104.68 crores this year (2023), which is -2.33 percent lower than last year’s total revenue of 2154.78 crores.

This year’s PAT (Profit After Tax) is -36.49 crores, which is also 88.98% lower than last year’s PAT of -331.09 crores.

The EPS (Earnings Per Share) for this year is ₹-8.09, which is 88.98% less than the EPS of ₹-73.41 earned last year.

Tata Steel Long Products Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Tata Steel Long Products:

Tata Steel Long Products Limited (TSLP), previously called Tata Sponge Iron Limited, operates in the manufacturing sector, specializing in the production of high alloy steel primarily used in the automotive industry and wire rope sector. TSLP is one of India’s leading long product steel plants, boasting a substantial capacity of one million tonnes.

Download the Full PDF of Tata Steel Long Products Q1 Results: Click Here

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