Tata Steel Long Products reports 66% fall in Q3 net profit
18th Jan 2022

Tata Steel Long Products has reported results for third quarter ended December 31, 2021.

The company has reported 65.87% fall in its net profit at Rs 103.88 crore for the quarter under review as compared to Rs 304.39 crore for the same quarter in the previous year. However, total income of the company increased by 20.51% at Rs 1,686.98 crore for Q3FY22 as compared Rs 1399.92 crore for the corresponding quarter previous year.

Tata Steel Long Products is one of India’s largest merchant sponge iron manufacturers. The company is engaged in the production of sponge iron by direct reduction method of iron ore and power generation from waste heat.