Tata Steel · NSE: TATASTEEL · BSE: 500470

Q2 FY23 results · Jul–Sep 2022

Tata Steel reported revenue from operations of ₹59,877.52 crore (down 0.7% from Q2 FY22) and net profit of ₹1,297.06 crore (down 89.7% from Q2 FY22) for Q2 FY23 (Jul–Sep 2022), on a consolidated basis.

Consolidated · ₹ crore
Item	Q2 FY23	Q2 FY22	YoY	Q1 FY23	QoQ
Revenue from operations	59,877.52	60,282.78	−0.7%	63,430.07	−5.6%
Other income	329.26	270.85	+21.6%	268.08	+22.8%
Total income	60,206.78	60,553.63	−0.6%	63,698.15	−5.5%
Profit before share of associates & JVs and tax	2,503.26	13,934.31	−82.0%	11,746.74	−78.7%
Share of profit/(loss) of associates & JVs	101.86	185.26		159.52
Net profit for the period	1,297.06	12,547.70	−89.7%	7,714.00	−83.2%
Attributable to shareholders of the company	1,514.42	11,918.11	−87.3%	7,764.96	−80.5%
EPS, basic (₹)	1.24	99.16	not comparable	63.59	not comparable
Net margin (%)	2.2	20.8		12.2

This company reports a share of profit/(loss) from associates and joint ventures. BSE’s filing format records that share after tax, so it is shown on its own line. The company’s own statement may add it before its “profit before tax” line.

Standalone · ₹ crore
Item	Q2 FY23	Q2 FY22	YoY	Q1 FY23	QoQ
Revenue from operations	32,244.99	32,582.27	−1.0%	32,021.09	+0.7%
Other income	1,017.63	382.12	+166.3%	735.63	+38.3%
Total income	33,262.62	32,964.39	+0.9%	32,756.72	+1.5%
Profit before tax	3,535.14	11,599.69	−69.5%	8,182.53	−56.8%
Net profit for the period	2,654.95	8,708.26	−69.5%	6,114.17	−56.6%
EPS, basic (₹)	2.17	71.30	not comparable	50.03	not comparable
Net margin (%)	8.2	26.7		19.1

Consolidated

Filed with BSE: 01 Nov 2022, 10:10 IST
Board meeting: 31 Oct 2022
Period: 01 Jul 2022 to 30 Sep 2022
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 01 Nov 2022, 10:10 IST
Board meeting: 31 Oct 2022
Period: 01 Jul 2022 to 30 Sep 2022
Review status: Audited
Source: XBRL filing on BSE