Sales volumes was lower than production at 1.07 million tonne. Tata Steel sales volumes are lower by 13.8%. The rise in steel inventory is Rs 636 crore versus Rs 61 crore YoY. Also margins stand at 29.8% vs 40.2% YoY. Forex loss of Rs 126.8 Cr versus gain of Rs 47.9 Cr. The rise in steel inventory at Rs 636 Cr Vs Rs 61 Cr.
Tata Steel Q3 net profit down 56.37% at Rs 466.24 crore versus Rs 1068.58 crore. Net sales at Rs 4735.68 crore versus Rs 4973.92 crore.
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