Tata Steel Q1 Result

Consolidated Profit Falls 13% YoY to Rs 7,765 crore

On July 25, 2022, Tata Steel will release its Q1FY23 results. The business also expects to invest Rs 12,000 crore in India and Europe.

Results from the first quarter for Tata Steel show that the company's sales climbed by 18.6% YoY to Rs 63,430 crore in Q1FY23 from Rs 53,465 crore in the same quarter last year.

In comparison to the equivalent quarter a year prior, Tata Steel's total revenue increased to Rs 63,698.15 cr for the reporting quarter. This was almost a 19% YoY increase.

The largest steel producer in India, Tata Steel, reported a 12.83% drop in its combined net profit for the 3 months that ended on June 30, 2022, coming in at Rs 7,764.96 crore.

In the same quarter the previous year, the steelmaker reported a PAT of Rs 8,907 crore. Sequentially, the PAT decreased by 20.4% from the Rs 9,756 crore realised during the January–March quarter.

Revenue from operations at the steel production division of the Tata Group climbed 18.6% YoY to 63,430 crore in Q1FY23 from a year earlier, or Rs 53,465 crore.

Sequentially, the consolidated revenues decreased by 8.5% from the previous quarter's Rs 69,324 crore.

EBITDA for the entire period was Rs 15,047 crore. The EBITDA margin climbed to 24% on a QoQ basis, and EBITDA per tonne increased by Rs 3,780 to Rs 22,717.

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