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Tata Steel's profit was up 47%, the dividend of Rs 51 per share, and the stock split approved

copyrightTata Steel's profit was up 47%, the dividend of Rs 51 per share, and the stock split approved
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Tata Steel has reported a net profit of Rs 9,756.20 crore for the quarter ended March 31, 2022. Tata Steel's quarterly profit grew by 46.83 percent over the same period last year.

Tata Steel has reported a net profit of Rs 9,756.20 crore for the quarter ended March 31, 2022. Tata Steel's quarterly profit grew by 46.83 percent over the same period last year. Tata Steel had a net profit of Rs 6,644.15 crore in the March quarter last year. The board of Tata Steel has recommended a dividend of Rs 51 per share for the last financial year.

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Tata Steel's revenue from operations up 38.6%

The revenue from operations grew by 38.6 percent in the fourth quarter of FY 2022. Tata Steel's revenue from operations stood at Rs 69,323.5 crore in the January-March 2022 quarter. At the same time, the company's revenue in the fourth quarter of FY 2022 was Rs 50,028.37 crore. Tata Steel had a net profit of Rs 9,572.67 crore in the December 2021 quarter. The company's income from operations stood at Rs 60,783.11 crore in the December quarter.

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Company announces stock split in the ratio of 10:1

Tata Steel has announced a stock split in the ratio of 10:1. Shares of Tata Steel closed at Rs 1,297, up 2.04 percent on the National Stock Exchange on Monday. Shares of Tata Steel have gained about 14 percent so far this year. Shares of Tata Steel have gained about 22 percent in the last year. The company's shares have gained more than 210 percent in the last five years.

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