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videos | IST

Q3FY22 earnings hit by higher cost of raw materials, says Tata Metaliks

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The raw material prices have peaked in June-July, iron ore in particular, but typically the usage of that raw material happens a quarter later, so the impact has been seen in Q3YF22 and it is a big impact for most of the industry, said Sandeep Kumar, MD, Tata Metaliks while discussing the fineprint and outlook.

The raw material prices have peaked in June-July, iron ore in particular, but typically the usage of that raw material happens a quarter later, so the impact has been seen in Q3YF22 and it is a big impact for most of the industry, said Sandeep Kumar, MD, Tata Metaliks while discussing the fineprint and outlook.
The Q3FY22 earnings were also hit by lower production in one of the blast furnaces owing to a planned shutdown.
For the full interview, watch the accompanying video.