Tata Steel net profit slumps 64% YoY, announces dividend
Tata Steel's Q4 FY24 saw a 64% drop in consolidated net profit and a 6.7% decrease in revenue from operations compared to the previous year. To address its debt and restructure, the company will issue new debt instruments and inject $2.11 billion into its subsidiary. Shareholders will receive a dividend of Rs 3.60 per share at the upcoming annual general meeting.