Tata Steel Slips Into Red; Reports Rs 6,511 Crore Net Loss In Sep Quarter

In its second quarter ended September, Tata Steel reported a consolidated net loss of Rs 6,511.16 crore. Its total income declined to Rs 55,910.16 crore from Rs 60,206.78 crore in the year-ago quarter.
Tata Steel
Tata Steel

Tata Steel on Wednesday reported a consolidated net loss of Rs 6,511.16 crore in the second quarter ended September.

It had clocked Rs 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 Rs 55,910.16 crore from Rs 60,206.78 crore in the year-ago quarter.

Its expenses stood at Rs 55,853.35 crore in the quarter under review against Rs 57,684.09 crore a year ago.

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