Tata Steel slips into red; reports ₹6,511 crore net loss in September quarter
PTI | | Posted by Sreelakshmi B
Tata Steel on Wednesday reported a consolidated net loss of ₹6,511.16 crore in the second quarter ended September.
It had clocked ₹1,297.06 crore net profit in the year-ago period, the company said in a regulatory filing.
The company’s total income declined to ₹55,910.16 crore from ₹60,206.78 crore in the year-ago quarter.
Its expenses stood at ₹55,853.35 crore in the quarter under review against ₹57,684.09 crore a year ago.
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Atul Tiwari is a seasoned journalist at Mumbai Times, specializing in city news, culture, and human-interest stories. With a knack for uncovering compelling narratives, Atul brings Mumbai’s vibrant spirit to life through his writing.
