Tata Steel Reports Steep Fall In Profit In Q4, Recommends Rs 3.60/Share Dividend

Tata Group's steel flagship company, Tata Steel has surpassed the street's expectations in the fourth quarter of FY23. Steelmaker Tata Steel has reported 82.5% decline in net profit at Rs 1,705 crore for the quarter ending March 31, 2023. It reported net profit of Rs 9,756 crore in the year-ago period. The company's revenue from operations fell 9% to Rs 62,962 crore in Q4FY23 as compared to Rs 69,324 crore in Q4FY22. Tata Steel's profitability improved primarily on India's performance.