Tata Steel reports consolidated net loss of Rs 1,029 crore in Q3
12th Feb 2020

Tata Steel has reported results for third quarter ended December 31, 2019.

The company has reported a fall of 26.56% in its net profit at Rs 1,803.83 crore for the quarter under review as compared to Rs 2,456.09 crore for the same quarter in the previous year. Total income of the company decreased by 13.77% at Rs 15,313.49 crore for Q3FY20 as compared Rs 17,759.85 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported net loss from continuing operations attributed to the owners at Rs 1,029.11 crore for the quarter under review as against net profit from continuing operations attributed to the owners of Rs 2,334.17 crore for the same quarter in the previous year. Total income of the company decreased by 8.85% at Rs 35,613.34 crore for Q3FY20 as compared Rs 39,071.25 crore for the corresponding quarter previous year.