Tata Steel shares: Should you buy the metal stock after surprise loss in Q3?1 min read . Updated: 07 Feb 2023, 08:02 AM IST
- Tata Steel Ltd posted a net loss of ₹2,224 crore at the consolidated level in the December 2022 quarter
Tata Steel Ltd posted a net loss of ₹2,224 crore at the consolidated level in the December 2022 quarter, hurt by a sharp fall in global steel prices and lower demand amid fears of a likely economic slowdown. The steel production company's revenue from operations declined 6% to ₹57,083 crore for the period under review as as compared to ₹60,783 crore in the year-ago period.
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