Tinplate Company records loss of Rs 35 crore in Q2 FY23

19 Oct 2022 , 11:48 AM

Net sales declined by 1.8% to Rs 869.45 crore during the quarter. Total expenditure increased by 14.9% to Rs 999.86 crore in Q2 FY23 over Q2 FY22. The company reported a pre-tax loss of Rs 46.50 crore in Q2 FY23 as against a pre-tax profit of Rs 99.99 crore in the same period last year. The Tinplate Company of India (TCIL), a subsidiary of Tata Steel, is Indias leading tinplate producer. TCIL a larger share of the domestic tinplate market. It caters to ~60% of the prime tinplate market and 40%+ of the overall domestic market. The scrip rose 0.17% to currently trade at Rs 301.70 on the BSE. Powered by Capital Market – Live News