Tata Steel Q1 results show revenue fell from 63,131.08 crores to 60,666.48 crores, a 3.90% decrease in growth. EPS down from ₹1.40 to ₹0.52, down by 62.86%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Tata Steel shared its Q1 results on Monday. They earned 60,666.48 crores in revenue this quarter, but that’s less than the 63,131.08 crores they made last quarter. Unfortunately, the company’s growth decreased by 3.90 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 633.95 crores, down from 1,704.86 crores in the previous quarter. Their quarter-to-quarter growth decreased by 62.82 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹0.52, which is a decrease of 62.86% from the ₹1.40 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 60,666.48 crores this year (2023), which is 4.76 percent lower than last year’s total revenue of 63,698.15 crores.
This year’s PAT (Profit After Tax) is 633.95 crores, which is also 91.84% lower than last year’s PAT of 7,764.96 crores.
The EPS (Earnings Per Share) for this year is ₹0.52, which is 91.82% less than the EPS of ₹6.36 earned last year.
Also Read: HDFC AMC Q1FY24 Results: Consolidated PAT Rises to Rs. 477.41 Cr
Tata Steel Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Tata Steel:
Tata Steel Limited, a renowned multinational steel producer, operates from its base in Jamshedpur, Jharkhand, and has its headquarters situated in Mumbai, Maharashtra. The company holds a significant position within the Tata Group, a prominent conglomerate with diverse business interests.
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