Tata Steel earns consolidated PAT of ₹1,566 cr in Q4, beats estimates; recommends 360% dividend
Tata Steel posted a strong PAT of ₹1,566 crore on a consolidated basis in Q4FY23, against a huge losses that was recorded in Q3 of the same fiscal. The board has recommended 360% dividend for shareholders.
Tata Group's steel flagship company, Tata Steel surpassed the street's expectations in the fourth quarter of FY23 by posting a consolidated net profit of ₹1,566.24 crore against a huge loss of ₹2,501.95 crore in Q3 of the same fiscal. The company's board recommended a dividend of 360% on Tuesday for its shareholders and has announced the record date for the same.
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