Tata Steel’s output from its Indian facilities stood at 4.47mn mt in Q3FY20 (Oct-Dec 2019), down from 4.50mn mt in the prior quarter. Deliveries in the quarter rose by 17pc to 4.85mn mt from the prior quarter.
The consolidated global steel production in the period was 6.99mn mt and deliveries were 7.31mn mt, up by 12pc.
The company posted a net loss of Rs1,228.53cr for Q3, from Rs1,753cr in the prior-year period on weaker economic growth and the US-China trade war. Tata steel’s profit after tax from India operations was Rs1,194cr, down by 47pc from Rs2,253cr in the year prior.
Consolidated revenue increased by 3pc to Rs 35,520cr from Q2 while, the revenues from Indian operations rose by 5pc to Rs21,299cr despite challenging market conditions.
The company’s consolidated EBITDA was Rs3,659cr in Q3, down by 45.6pc from Rs6,726 crore in the prior-year period and its Indian operations reported EBITDA of Rs 4,111cr down by 19.3pc from Rs5,604cr.