Tata Steel Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 584,458.9 million compared to INR 622,387.8 million a year ago. Revenue was INR 588,632.2 million compared to INR 631,310.8 million a year ago. Net income was INR 6,114.8 million compared to INR 17,048.6 million a year ago. Basic earnings per share from continuing operations was INR 0.49 compared to INR 1.4 a year ago. Diluted earnings per share from continuing operations was INR 0.49 compared to INR 1.4 a year ago.
For the full year, sales was INR 2,272,962 million compared to INR 2,416,362.5 million a year ago. Revenue was INR 2,309,796.3 million compared to INR 2,443,901.7 million a year ago. Net loss was INR 44,374.4 million compared to net income of INR 87,604 million a year ago. Basic loss per share from continuing operations was INR 3.62 compared to basic earnings per share from continuing operations of INR 7.17 a year ago. Diluted loss per share from continuing operations was INR 3.62 compared to diluted earnings per share from continuing operations of INR 7.17 a year ago.