Tata Steel said its net loss for the quarter ended March 2016. During the quarter, the company reported a loss of Rs 32,137.60 million compared with a loss of Rs 56,742.90 million in the same quarter previous year.
Revenues for the quarter declined 12.35% to Rs 295,075.50 million, compared with Rs 336,661.80 million for the prior year period.
Operating margin for the quarter stood at 7.47 percent as compared to 4.58 percent for the previous year period. Operating Income for the quarter was Rs 22,052.40 million, compared with Rs 15429.7 million in the previous year period.
Shares of the company declined Rs 2.75, or 0.85%, to trade at Rs 321.60. The total volume of shares traded was 611,737 at the BSE (12.10 p.m., Thursday).