Tata Steel Long Products standalone net profit declines 82.46% in the March 2022 quarter

Sales rise 16.34% to Rs 1799.40 crore

Net profit of Tata Steel Long Products declined 82.46% to Rs 59.62 crore in the quarter ended March 2022 as against Rs 339.85 crore during the previous quarter ended March 2021. Sales rose 16.34% to Rs 1799.40 crore in the quarter ended March 2022 as against Rs 1546.74 crore during the previous quarter ended March 2021.

For the full year,net profit rose 10.12% to Rs 629.87 crore in the year ended March 2022 as against Rs 571.97 crore during the previous year ended March 2021. Sales rose 43.20% to Rs 6801.63 crore in the year ended March 2022 as against Rs 4749.87 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales1799.401546.74 16 6801.634749.87 43 OPM %9.1332.19 -17.3123.13 - PBDT156.76467.20 -66 1205.10942.02 28 PBT85.43383.17 -78 885.52614.83 44 NP59.62339.85 -82 629.87571.97 10

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