Tata Steel Long tumbles ~6% on reporting 82% yoy decline in PAT for Q4FY22

20 Apr 2022 , 11:24 AM

Tata Steel Long Products Limited has reported a total income of Rs6,939.14 crore during the FY22, as compared to Rs4,828.10 crore in FY21, reporting a growth of 43.73% yoy.

The company’s total income for Q4FY22 was Rs1,823.67 crore as compared to Rs1,562.21 crore in Q4FY21, up by 16.74% yoy.

Tata Steel Long’s PAT for the quarter ended March 2022 dipped 82.46% yoy at Rs59.62 crore as compared to Rs339.85 crore in the quarter ended March 2021. Whereas, PAT for the current financial year logged growth of 10.12% yoy at Rs629.87 crore as against Rs571.97 crore in FY22.

Its PBT for the current quarter ended March 2022 was reported at Rs85.43 crore as compared to Rs383.17 crore in Q4FY21, down by 77.70% yoy.

PBT for FY22 jumped 39.64% yoy at Rs858.52 crore as against Rs614.83 crore for FY21.

Post this development, Tata Steel Long’s counter was trading down by 5.56% at Rs755 against its previous close of Rs799.45 on BSE. So far in the day, it has touched intraday high and low of Rs775 and Rs751.25 respectively.