For Q2FY23, Tata Metaliks reported a topline of Rs 877 crore, up 36% YoY, 32% QoQ. EBITDA for the quarter was at Rs 41 crore, down 59% YoY. Ensuing PAT for the quarter was at Rs 14 crore, down 74% YoY.
Tata Metaliks reported a subdued performance for Q2FY23 on the back of higher operating costs. Tata Metaliks' operating margin for Q2FY23 was at Rs 4.7%, down 1080 bps YoY. For the quarter, raw material costs (as a percentage of sales) was at 71.6% compared to 60.2% in Q2FY22 and 68.7% in Q1FY23. Similarly for the quarter, other expenses (as a percentage of sales) was at 19.4% compared to 18.9% in Q2FY22.
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