TSLP logs Rs 184-cr loss in Q4
Tata Steel Long Products (TSLP) has posted a standalone loss of Rs 184.11 crore during the fourth quarter of financial year 2022-23, on account of increased expenses.
New Delhi: Tata Steel Long Products (TSLP) has posted a standalone loss of Rs 184.11 crore during the fourth quarter of financial year 2022-23, on account of increased expenses.
The company had reported a net profit of Rs 59.62 crore during the January-March period of fiscal year 2021-22, TSLP said in a regulatory filing on Tuesday.
The company's total income rose to Rs 1,911.98 crore, from Rs 1,823.67 crore in the year-ago quarter. While the company's total expenses surged to Rs 2,054.12 crore in the quarter under review, from Rs 1,738.24 crore in the same quarter a year ago.
For the full year 2022-23, the company has posted a loss of Rs 1,085.49 crore. It had clocked Rs 629.87 crore net profit in FY 2021-22. Tata Steel Long Products is into manufacturing of high alloy steel primarily for the auto sector and wire rope industry.
