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Tata Steel Long Products achieved direct reduced iron (sponge iron) production of 243 thousand tons (KT) in Q1FY2022 compared to 266 KT in Q4FY21 and 134 KT in Q1FY21.
The company recorded crude steel production of 172 KT in Q1FY2022 compared to 186 KT in Q4FY21 and 121 KT in Q1FY21.
Sponge iron sales stood at 179 KT in Q1FY2022 compared to 171 KT in Q4FY21 and 104 KT in Q1FY21. Sales of salable steel stood at 162 KT in Q1FY2022 compared to 172 KT in Q4FY21 and 117 KT in Q1FY21.
Note - Note: i) Sales of sponge iron represents sales to external customers; ii) Sponge Iron production and sale represents both Gamharia and Joda.
Tata Steel Long Products - Q1FY22 Crude steel production and Sales volume increase by 42% YoY and 39% YoY
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Firms/companies > T > Tata Steel
06 May 2021
Tata Steel has posted consolidated net (after-tax) profit of Rs7,162 crore for the quarter ended 31 March 2021, with stellar operating performance. The company had registered a net loss of Rs1,481.3 crore in the year-ago quarter.
The board of directors recommended a dividend of Rs25 per fully paid equity share and Rs6.25 per partly paid equity shares.
Consolidated revenue from operations for the January-March 2021 quarter stood at Rs49,977.4 crore, up 38.8 per cent compared to Rs36,009.4 crore reported in the corresponding quarter of the previous fiscal.
Earnings before interest, taxes, depreciation and amortisation (EBITDA), on a consolidated basis, for the quarter ended 31 March 2021 stood at Rs14,290 crore while consolidated after-tax profit for the quarter stood at Rs7,162 crore.