Tata Steel · NSE: TATASTEEL · BSE: 500470

Q3 FY24 results · Oct–Dec 2023

Tata Steel reported revenue from operations of ₹55,311.88 crore (down 3.1% from Q3 FY23) and net profit of ₹522.14 crore for Q3 FY24 (Oct–Dec 2023), on a consolidated basis.

Consolidated · ₹ crore
Item	Q3 FY24	Q3 FY23	YoY	Q2 FY24	QoQ
Revenue from operations	55,311.88	57,083.56	−3.1%	55,681.93	−0.7%
Other income	227.89	270.60	−15.8%	228.23	−0.1%
Total income	55,539.77	57,354.16	−3.2%	55,910.16	−0.7%
Profit before share of associates & JVs and tax	1,854.51	342.48	+441.5%	(6,842.09)	Turned profit
Share of profit/(loss) of associates & JVs	73.40	60.49		102.90
Net profit for the period	522.14	(2,501.95)	Turned profit	(6,511.16)	Turned profit
Attributable to shareholders of the company	513.37	(2,223.84)	Turned profit	(6,196.24)	Turned profit
EPS, basic (₹)	0.42	(1.82)	Turned profit	(5.08)	Turned profit
Net margin (%)	0.9	-4.4		-11.7

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	Q3 FY24	Q3 FY23	YoY	Q2 FY24	QoQ
Revenue from operations	34,681.90	30,465.29	+13.8%	33,223.17	+4.4%
Other income	328.59	906.95	−63.8%	849.83	−61.3%
Total income	35,010.49	31,372.24	+11.6%	34,073.00	+2.8%
Profit before tax	6,022.76	3,617.28	+66.5%	(7,942.38)	Turned profit
Net profit for the period	4,653.04	2,705.13	+72.0%	(8,530.60)	Turned profit
EPS, basic (₹)	3.73	2.21	+68.8%	(6.94)	Turned profit
Net margin (%)	13.4	8.9		-25.7

Consolidated

Filed with BSE: 20 Feb 2024, 10:52 IST
Board meeting: 24 Jan 2024
Period: 01 Oct 2023 to 31 Dec 2023
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 20 Feb 2024, 10:52 IST
Board meeting: 24 Jan 2024
Period: 01 Oct 2023 to 31 Dec 2023
Review status: Audited
Source: XBRL filing on BSE