Tata Steel Long Products Ltd suffers net loss of Rs 133 cr for Q4FY20

New Delhi: Tata Steel Long Products Ltd suffered consolidated net loss of Rs 133.23 crore for the fourth ended 31 March 2020 as against a net profit Rs 24.39 crore in the same quarter of the previous fiscal.

The consolidated revenue from operation of the company jumped four-fold to Rs 1,008 crore for the fourth quarter ended 31 March 2020 as compared to Rs 254 crore in the same quarter of the previous fiscal.

For the entire fiscal 2019-20, the consolidated net loss stood at Rs 516.23 crore as against a net profit of Rs 124.39 crore in the previous fiscal.

For the entire fiscal 2019-20, the consolidated revenues from operations jumped nearly four-fold Rs 3,489 crore as against Rs 992 crore in the previous fiscal, the company said in a regulatory filing.

The consolidated total expenses of the company jumped more than four-fold to Rs 1,026 crore for the fourth ended 31 March 2020 as against Rs 233 crore in the same quarter of the previous fiscal.  

 

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