Stock Report

Tata Steel Long Products Ltd posts consolidated loss of Rs. 438.11 crores in Q2 FY2024

Posted On : 2023-10-14 18:55:18( TIMEZONE : IST )

Tata Steel Long Products Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 3005.46 crores during the period ended September 30, 2023 as compared to Rs. 3632.27 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. -438.11 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. -239.16 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. -97.14 for the period ended September 30, 2023 as compared to Rs. -53.03 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 3005.46 crs	₹3632.27 crs	-17.26%
Net Profit	₹-438.11 crs	₹-239.16 crs	83.19%
EPS	₹-97.14	₹-53.03	83.18%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 3005.46 crores during the period ended September 30, 2023 as compared to Rs.1921.01 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-438.11 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.-646.22 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.-97.14 for the period ended September 30, 2023 as compared to Rs.-143.29 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 3005.46 crs	₹1921.01 crs	56.45%
Net Profit	₹-438.11 crs	₹-646.22 crs	32.20%
EPS	₹-97.14	₹-143.29	32.21%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.6637.73 crores during the 6 Months period ended September 30, 2023 as compared to Rs.4075.79 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-677.27 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.-977.31 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.-150.17 for the 6 Months period ended September 30, 2023 as compared to Rs.-216.70 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹6637.73 crs	₹4075.79 crs	62.86%
Net Profit	₹-677.27 crs	₹-977.31 crs	30.70%
EPS	₹-150.17	₹-216.70	30.70%

Shares of Tata Steel Long Products Limited was last trading in BSE at Rs. 792.55 as compared to the previous close of Rs. 801.60. The total number of shares traded during the day was 2603 in over 315 trades.

The stock hit an intraday high of Rs. 804.05 and intraday low of 788.40. The net turnover during the day was Rs. 2065656.00.