Tata Steel Long Products Q2FY24 Results Today
Tata Steel Long Products Q2 results show revenue fell from 3632.27 crores to 3005.46 crores, a 00% decrease in growth. EPS down from ₹-53.03 to ₹-97.14, down by 83.18%.
Quarter-on-Quarter Basis Results:
Tata Steel Long Products shared its Q2 results on Friday. They earned 3,005.46 crores in revenue this quarter, but that’s less than the 3632.27 crores they made last quarter. Unfortunately, the company’s growth decreased by -17.26 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was -438.11 crores, down from -239.16 crores in the previous quarter. Their quarter-to-quarter growth decreased by 83.19 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹-97.14, which is a decrease of 83.18% from the ₹-53.03 EPS in the previous quarter.
Year-over-Year Basis Results:
The company made a total revenue of 3,005.46 crores this year (2023), which is 56.45 percent higher than last year’s total revenue of 1921.01 crores.
This year’s PAT (Profit After Tax) is -438.11 crores, which is also 32.20% higher than last year’s PAT of -646.22 crores.
The EPS (Earnings Per Share) for this year is ₹-97.14, which is 32.21% more than the EPS of ₹-143.29 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 operating under the name Tata Sponge Iron Limited, specializes in the production of high-alloy steel, primarily catering to the automotive sector and the wire rope industry. Boasting a remarkable one-million-ton capacity, it stands as one of India’s largest and most advanced specialty steel facilities in the long product segment.
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