On the NSE, it plunged 3.66 per cent to Rs 113.15 per share.
The financial result of the company came after market hours on Monday. The 30-share BSE sensex was trading 71.32 points or 0.12 per cent lower at 60,435.58 in the morning trade.
Tata Steel on Monday reported a consolidated net loss of Rs 2,501.95 crore in the December 2022 quarter on account of higher expenses.
It had posted a net profit of Rs 9,598.16 crore in the year-ago period, the company said in a regulatory filing.
Its total income on a consolidated basis fell to Rs 57,354.16 crore in the October-December quarter from Rs 60,842.72 crore earlier.
The company’s expenses rose to Rs 57,172.02 crore in the quarter under review from Rs 48,666.02 crore in the year-ago period.