Tata Steel Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 567,566.1 million compared to INR 605,247.2 million a year ago. Revenue was INR 573,541.6 million compared to INR 608,427.2 million a year ago. Net loss was INR 22,238.4 million compared to net income of INR 95,726.7 million a year ago. Basic loss per share from continuing operations was INR 1.82 compared to basic earnings per share from continuing operations of INR 7.91 a year ago. Diluted loss per share from continuing operations was INR 1.82 compared to diluted earnings per share from continuing operations of INR 7.91 a year ago.
For the nine months, sales was INR 1,793,974.7 million compared to INR 1,736,162.7 million a year ago. Revenue was INR 1,812,590.9 million compared to INR 1,751,283.6 million a year ago. Net income was INR 70,555.4 million compared to INR 303,977.3 million a year ago. Basic earnings per share from continuing operations was INR 5.78 compared to INR 25.25 a year ago. Diluted earnings per share from continuing operations was INR 5.78 compared to INR 25.22 a year ago.