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Tata Steel Posts Q2 Net Loss Bigger Than Estimate; But There Is A Silver Lining

Tata Steel Posts Q2 Net Loss Bigger Than Estimate; But There Is A Silver Lining

Sakshi Batra
Sakshi Batra
  • New Delhi ,
  • Nov 2, 2023,
  • Updated Nov 2, 2023, 11:56 PM IST

 

Tata Steel suffered a net loss of Rs 6,511 crore in the July-September quarter on a consolidated basis compared with a Rs 1,297-crore profit in the same period a year ago. A series of provisions related to the proposed green transition of the UK business ate into the profit numbers. Tune in to watch Sakshi Batra explain what led to the huge loss of Tata Steel in Q2 and what are top brokerages saying post earnings.

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